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Awarded contract·City of Saco·Maine

Tax Exempt Lease

Won by US Bancorp Government Leasing and Finance, Inc.$5MSingle Award
Contract source

Awarded vendors

  • US Bancorp Government Leasing and Finance, Inc.

Description

This contract represents a municipal tax‑exempt lease financing solicitation issued by the City of Saco, Maine. Multiple financial institutions submitted interest‑rate quotes for the lease, and the award was given to US Bancorp Government Leasing and Finance, Inc. The solicitation does not disclose the scope of the underlying assets, the total financed amount, or any project‑specific work beyond the provision of lease financing. • Agency: City of Saco (Maine) – sought competitive financing for a tax‑exempt lease. • Vendor Awarded: US Bancorp Government Leasing and Finance, Inc., selected from a pool of eight lenders based on quoted interest rates. • Lack of detailed contract terms: no start/end dates, budget, payment schedule, or contact information are provided in the source documents.

Attached files

Key dates

Bids closed
7/18/2019

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522310

Contract value

$5,000,000

No explicit contract value is disclosed. Typical municipal tax‑exempt lease financings range from a few million to tens of millions of dollars depending on the asset base. Given the absence of asset details but assuming a modest municipal project, a reasonable ballpark estimate is approximately $5 million in financed principal. This estimate considers the number of lenders (suggesting a sizable pool) and the fact that the city pursued a tax‑exempt structure, which is commonly used for multi‑year capital equipment or facility leases in the $1‑10 million range.

AI estimate from the award documents

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