Description
The City of Saco is seeking a tax‑exempt lease‑purchase financing arrangement for two emergency‑service vehicles: a 2021 Ford E460 custom‑built ambulance and a 2020 Ford Super Duty F‑550 crane truck. The municipality requires a total financing amount of $320,575 with the first annual payment not to exceed $72,000, spread over a five‑year lease term with annual payments. The selected financier must provide the lease rate, any additional fees, a complete amortization schedule, and payment due dates. This opportunity is ideal for firms that specialize in structured lease financing for municipal clients and can accommodate the city’s budget constraints.
• Lease‑purchase of an ambulance and a crane truck (total value $320,575)
• Five‑year term with annual payments; first‑year payment capped at $72,000
• Require tax‑exempt financing, rate disclosure, fee breakdown, and amortization schedule
• Submission deadline May 8 2020, with proposals accepted via email or in person at City Hall