I.2. SCOPE OF SERVICES A. General Requirements Supply financing for new computers, servers, and other related equipment as necessary. Please note that actual equipment needs will be made available to the selected lessor. Provide for shipping associated with de-installation services at the end of the lease. The City (Lessee) will handle the de-installation of equipment, prepare for removal from the premises, and coordinate removal at the end of the Lease. The Lessor shall be responsible for identifying the ship-to location, and shall be responsible for shipping related costs, including suitable packaging. B. Vendor(s) Award will be made to one leasing provider. Equipment purchased shall be Tier-1 equipment, purchased through pricing established via existing State of Connecticut contracts by the lessor. The City intends to include manufacturer warranty on any and all equipment specifications, which will not be for a time period less than the lease period (i.e. all equipment will be fully covered by the manufacturer warranty during the lease). C. Financing Since equipment will be delivered to the City in multiple stages, the financing strategy for this lease must be a fair market lease/master lease agreement arrangement. Ownership of the equipment will belong to the vendor, not the City. All taxes, property or otherwise, shall solely be the responsibility of the lessor. The lease must be flexible for the City to upgrade the equipment and change configurations during the lease period without having to process a new contract. This consideration is to be based on changes in technology. Proposal must include both the applicable interest rate for leases executed through December 31, 2025 as well as associated lease rate factor for such leasing. Please note that the City of Bristol is considered Tax-Exempt. Leases pursued under this contract will solely be operating leases and not capital leases; if your proposal requires the completion of an IRS Form 8038-G for the execution of this lease, it should be noted in your response.
