Water Cooperative of Central Florida-2026 Revolving Lines of Credit

Project Description: The Water Cooperative of Central Florida (the “WCCF”, “Cooperative” or “Borrower”) an entity created through an interlocal agreement (the "Interlocal") among Tohopekaliga Water Authority ("Toho"), City of St. Cloud, Florida (“St. Cloud”), Orange County, Florida ("Orange County") and Polk County, Florida ("Polk County"). Toho, in its role as Project Administrator for the WCCF and through the Procurement Department of Toho, is issuing this Invitation to Negotiate (the “ITN”) on behalf of the Cooperative, to identify, evaluate and select the institution, or institutions, which can offer WCCF two revolving lines of credit in an aggregate principal amount of up to $70 million: (i) a tax-exempt revolving line of credit (the “Tax-Exempt Line”), and (ii) a taxable revolving line of credit (the “Taxable Line” and, together with the Tax-Exempt Line, each a “Line” and collectively, the “Lines”). The total aggregate principal amount of the Lines may be outstanding at any time to finance alternative water supply capital improvements in an aggregate principal amount of up to $60 million.