DOCUMENT

ITB - Lease/Purchase Financing of one new Fire Truck 2009

  • YEAR CREATED: 2009
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: BID - ITB, IFB, ITT, RFB
The document is an invitation to bid (ITB) from the City of Sugar Land for lease-purchase financing of a fire truck and equipment. The document provides specifications and requirements for vendors interested in submitting a bid. The total amount to be financed is $623,300, with a seven-year repayment schedule and fourteen semi-annual payments starting in November 2010. The document also mentions the need for an escrow account, with funding and closing expected within 10 days of the award. The expected delivery of the equipment is May 2009. Vendors are required to submit information such as the interest rate on the lease, proposed payment schedule, name of the escrow agent, escrow fee schedule, and current interest rate on similar escrow accounts. The document includes a checklist for vendors to ensure they have completed all necessary actions, and it provides a schedule of key events related to the bidding process. Vendors must fill out several forms, including a bidder certification and addenda acknowledgment, bidder information, bidder customer/client references, and a conflict of interest questionnaire. The document also includes a tabulation sheet for vendors to submit the required information with their bid. The bid must be valid for 25 days after opening, and the lowest qualified bidder will be contacted to submit lease agreements for review.
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