Description
• Provide lease‑purchase financing (≈ $248.6 k) for three school vans and manage escrow account.
• Deliver a five‑year amortization schedule with proposed interest rate, purchase‑option terms, and any pre‑payment penalties.
• Submit extensive compliance paperwork (Affirmative‑Action, Non‑Collusion affidavit, NJ Business Registration, political‑contribution disclosure, etc.).
• First annual payment due August 15, 2026; subsequent payments each August 15 through 2030.
• Minimum 30‑day rate‑hold; respondents may offer longer holds for competitive advantage.