Description
The City of Saco is seeking a tax‑exempt lease for three municipal vehicles—a fire‑pumper truck, a public‑works patrol truck, and a police administrative vehicle. The total lease amount is capped at $864,429.50, with the first‑year payment not to exceed $122,449.17, and the lease runs for ten years. Proposals must include the lease rate, any fees, a full amortization schedule, due dates, and escrow details to accommodate variable delivery dates. Submissions are to be sent electronically by the September 4, 2020 deadline.
• Lease of three specific vehicles (fire, public works, police) with a total financing ceiling of $864,429.50.
• Ten‑year, tax‑exempt lease structure requiring annual payments and escrow for delivery timing.
• Mandatory financial details: rate, fees, amortization schedule, payment dates, escrow fund information.
• Submission via email to the City’s Finance Director; no online portal required.