RFP#FIN2027-001

The City of Hyattsville, MD is seeking qualified financial institutions to enter into a Master Lease Financing Contract that will allow the City to lease‑purchase eligible property (e.g., motor vehicles, street sweepers, material‑handling equipment) on a 3‑year or 5‑year term. The contract will fund $3‑5 million in lease advances, with quarterly payment schedules and the ability for the City to pre‑pay without penalty. Proposers must submit a statement of interest, term sheet, financing calendar, interest rate, fee disclosure, and supporting documentation. Evaluation will consider financing structure, interest rate, fees, and overall life‑cycle cost. The award will be announced October 14 2026, with contract execution pending council approval. The successful lender will serve as the single point of contact for all lease schedules and will retain title to the property until full payment, at which point ownership transfers to the City.