Description
The City of Saco is seeking a tax‑exempt, bundled lease financing package to acquire seven municipal vehicles and equipment items for its public works and fire departments. The financing must cover a total cost of $610,788.68, with the first annual payment not exceeding $153,594, and be structured over a five‑year term with annual payments. Proposals must detail interest rates, fees, amortization schedules, and any other terms needed to complete the financing, and be submitted by email to the finance director.
• Total financing amount: $610,788.68 for seven listed vehicles/equipment.
• Lease term: 5 years with annual payments; first‑year payment cap $153,594.
• Required proposal content: rate, fees, amortization schedule, payment dates, and related financing details.
• Submission deadline: September 27 2021, 5 PM, via email to [email protected].