Capital Financing Purchase - Tanker-Pumper Fire Truck

The City of Saco is soliciting financing proposals for the purchase of a new tanker‑pumper fire truck. The municipality will finance the $732,510 acquisition through a tax‑exempt capital financing arrangement with a ten‑year lease term and annual payments, the first of which must not exceed $85,948. Proposals must detail interest rates, fees, amortization schedules, and any other financing terms needed to complete the purchase. • Equipment: Tanker‑Pumper fire truck (vendor: Ferrara Fire Apparatus Inc). • Financing amount: $732,510, ten‑year lease, annual payments, first payment ≤ $85,948. • Expected delivery date: April 7, 2022. • Required proposal content: rate, additional fees, amortization schedule, due dates, and any other financing details.