Tax Exempt Lease-Purchase Financing

The contract is for tax-exempt lease-purchase financing for the Atlantic County Utilities Authority, NJ. The authority is seeking to finance the purchase of three automatic side loader trucks, one articulated dump truck, and one waste compactor. The contract was awarded to TD Equipment Finance, Inc. at an interest rate of 3.99% for a term of 52 months. The total amount of the contract is not to exceed $4,030,000. The contract includes an option to purchase the equipment at the end of the lease term for $1.00. The authority is responsible for all expenses related to the equipment, including maintenance, insurance, and taxes. • The contract is a tax-exempt lease-purchase financing agreement. • The authority is seeking to finance the purchase of three automatic side loader trucks, one articulated dump truck, and one waste compactor. • The contract was awarded to TD Equipment Finance, Inc. at an interest rate of 3.99% for a term of 52 months. • The total amount of the contract is not to exceed $4,030,000. • The contract includes an option to purchase the equipment at the end of the lease term for $1.00. • The authority is responsible for all expenses related to the equipment, including maintenance, insurance, and taxes.