Capital Financing Purchase

The City of Saco is seeking a competitive lease‑financing proposal for a single mini‑asphalt track paver (model TP44TD). The city requests a tax‑exempt capital financing arrangement for a total amount of $57,000, with a five‑year float rate and a 30‑day lock‑in period. Bidders must submit a detailed financing proposal that includes the lease rate, any additional fees, an amortization schedule, and a payment calendar. This opportunity is relevant for firms that provide equipment leasing or financial services to municipal clients. • Equipment: Mini Asphalt Track Paver, model TP44TD, serial 24062400050290663 • Financing type: Tax‑exempt capital financing, total amount $57,000 • Desired lease term: 5 years with a 30‑day lock‑in provision • Required deliverables: lease rate, fees, amortization schedule, due‑date calendar • Submission deadline: 1:00 PM, August 7, 2024; proposals must be emailed to the Finance Director