Tax Exempt Lease RFP

The City of Saco is seeking a tax‑exempt capital lease for a fleet of municipal vehicles and equipment. The lease must span five years with annual payments, a total lease value of $343,358, and a first‑payment cap of $96,439. Proposals must detail rates, fees, amortization schedules, due dates, and include an escrow agreement. Preferred vendors for specific vehicle models are listed, but the city is open to qualified leasing partners who can meet the tax‑exempt requirements. • Lease covers 2 public‑works trucks, a Chevrolet Bolt, sidewalk plow, police van, administration vehicle, and a 1‑ton park‑rec truck. • Payment schedule is annual; the lease term is five years, ending approximately July 2025. • The solicitation is a standard RFP with a submission deadline of July 27 2020, requiring detailed financial and escrow documentation.