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Non-Bank Qualified, Tax Exempt Lease Purchase Financing for Police and Fire Equipment


Location
Florida
Publication Date
01/27/2020 08:34 AM EST
Closing Date
02/04/2020 01:30 PM EST
Issuing Organization
City of Palm Bay
Solicitation Number
Description

Specifications include, but are not limited to: provide a non-bank qualified, tax exempt equipment lease purchase agreement (the “LPA”), at the lowest overall cost, pursuant to certain conditions. The LPA will be used to fund Police and Fire Equipment. Specifically, use of the lease proceeds will be used for 1) the purchase of one (1) Aerial Platform Ladder Truck, 2) Eighteen (18) marked and unmarked police vehicles and 3) any cost of issuance associated with implementing the LPA. All vehicles, assigned to the Fire and Police Departments, will require factory add-ons and accessories prior to being placed into service and proceeds from the financing will be applied. The equipment will be purchased under an existing cooperative contract.

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