2027 Lease RFP Cart Barn and equipment

The Town of North Kingstown, Rhode Island, is seeking proposals from non-qualified financial institutions and banks to enter into a tax-exempt lease in the amount of $2,127,608.00. The lease will finance various equipment and fixtures, including a prefabricated golf cart, utility barn, police utility vehicles, and a large commercial woodchipper. The lease term is expected to be 15 years, with annual principal and interest payments commencing on July 1, 2026. The town is looking for a comprehensive proposal that includes the proposer's qualifications, costs, and material terms and conditions. • The lease amount is $2,127,608.00 • The lease term is 15 years • Annual principal and interest payments will commence on July 1, 2026 • The town is seeking a tax-exempt lease • The lease will finance various equipment and fixtures • The proposer must provide a comprehensive proposal that includes their qualifications, costs, and material terms and conditions