Request for Proposals – Installment Purchase Financing Agreement for Flood Mitigation SAD

Texas Township has released a Request for Proposals for an Installment Purchase Financing Agreement to provide funds in the amount of $1,325,000.00 for the purpose of financing the Township’s portion of the cost of the Flood Mitigation project for the lakes area of our township.

The Township Board recently created the Texas Township Flood Mitigation Special Assessment District No. 1 on March 11, 2019 whose funds will be used for the repayment of the financing agreement. The assessment will be spread over three years and collected on the Township winter tax bills beginning December 1, 2019.

Responses to the proposal are due by 2:00 p.m. on Wednesday, April 17, 2019.

Please see the Request for Proposals for more information.