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C. Submission of Proposal <br /> Two copies of you proposal must be received by a.m./p.m. on <br /> at the offices of , Finance Director, <br /> [City/County] [address]. You may also submit your proposal via facsimile transmission at <br /> Proposals must specify at a minimum the following information. <br /> 1. The term of the financing. <br /> 2. The interest rate. <br /> 3. The terms of repayment. Please attach a sample debt service schedule. <br /> 4. Proposed terms for optional prepayment. Please also state whether you would allow a <br /> prepayment without penalty from excess construction proceeds. <br /> 5. A list of all additional costs to be associated with this transaction, including origination or <br /> placement fees, escrow fees, counsel fees and expenses. State whether or not any of such fees or <br /> expenses will be capped. <br /> 6. A statement to the effect that the bank agrees to the contract specifications set forth in Part <br /> B of this Request for Proposal. <br /> 7. Proposed collateral to secure financing and the method for creating the lien or security <br /> interest in such collateral. <br /> 8. Bids should be based on gross funding of The Project (without consideration of investment <br /> earn i ngs). <br /> The [City/County] reserves the right to request additional information from the bidders and <br /> reserves the right to reject all proposals and to waive any irregularity or informality. Although the <br /> selection will be based substantially on lowest total financing cost (including both interest cost and <br /> upfront fees and expenses), the [City/County] reserves the right to select the bidder that best meet <br /> the needs of the[City/County]. <br /> If further information is needed or if you have any questions regarding this Request for <br /> Proposal, please contact <br /> Thank you in advance for your consideration of this proposal. <br /> Very truly yours, <br /> Finance Director <br />