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Basic Information

Reference Number

0000393734

Issuing Organization

Town of Summerville

Owner Organization

Town of Summerville Finance

Solicitation Type

IFB - Invitation for Bid (Formal)

Solicitation Number

2025-000801

Title

2025-000801 - Tax Exempt Lease Purchase / Finance Services

Source ID

PU.AG.USA.2644182.C17039801

Details

Location

United States, South Carolina, Dorchester County

Delivery Point

200 S. Main Street

Purchase Type

One Time Only- Delivery Date:09/30/2025

Piggyback Contract

Description

The Town of Summerville proposes to establish an agreement with a qualified and eligible financial institution to provide financing services for the acquisition of equipment under a master lease purchase agreement. The agreement shall be between the Town of Summerville (Lessee) and the successful Offeror (Lessor).

Dates

Publication

07/25/2025 02:46 PM EDT

Bid Intent

Optional

Bid Intent Deadline

08/20/2025 01:00 PM EDT

Question Acceptance Deadline

08/18/2025 05:00 PM EDT

Questions are submitted online

Yes

Closing Date

08/25/2025 01:00 PM EDT

Contact Information

Rhonda Moore

rmoore@summervillesc.gov

Sandy Hatton

shatton@summervillesc.gov

Buyer Preferences, Guidelines & Requirements

Award Requirements

- All or None Award

Bid Submission Process

Bid Submission Type

Electronic Bid Submission

Pricing

Lump sum

Bid Documents List

Item Name	Description	Mandatory	Limited to 1 file
Bid Documents	Documents defining the proposal	No	No
No entries

Additional Bidding Instructions

1. Cover letter - The cover letter shall list the interest rate, any applicable bank loan fees or other special terms and conditions .2. References - Provide a list of at least three current references that have relevantknowledge concerning the institution’s past financing of similar leases, including names, addresses, and current telephone numbers. 3. Proposed Amortization Schedule - include an amortization schedule(s) showing the proposed fixed rate and annual principal and interest payments.

Disclaimer Thank you for your interest in our bid opportunities and we welcome you to submit a response. Please be sure to review and comply with all specifications and requirements.