Town of Sabattus-Lease Purchase financing for 2021 Pierce Fire Engine

INVITATION TO BID

TOWN OF SABATTUS

MUNICIPAL LEASE PURCHASE PROPOSALS

 

 

            The Town of Sabattus (the "Town") invites bids to provide the Town with a Municipal Lease Purchase Proposals in the approximate amount of $525,000 for the lease purchase of a 2021 Pierce Fire Engine and accessories.  The term of the lease purchases shall not exceed ten(10) years.  The first year payment on the Dump Truck cannot exceed $63,000 per voter approval.

 

            Interested banks or credit unions must submit sealed bids by 12:00 noon on Thursday, October 29, 2020.  Bids should be submitted to Anthony Ward, Town Manager, 190 Middle Road, Sabattus, ME  04280, in a sealed envelope marked "Bid for Financing 2021 Fire Engine", OR by email to award@sabattus.org with the subject line indicating "Bid for Financing 2021 Fire Engine”.  Bids will be opened at that time and will be considered by the Select Board at its meeting convening at 6:30 p.m. on the evening of Tuesday, November 17, 2020 at the Town Offices.  Information regarding the Town’s finances can be obtained by calling the Town during regular business hours, Monday through Friday, at (207) 375-4331 ext. 1107.

 

            Bids must disclose the amount of any fees or other charges relating to the borrowing.  Bids must permit the Town to prepay the note at the election of the Town without penalty.  Bids shall remain firm for acceptance by the Town for 5 days from the submission deadline.  Bids require a fixed interest rate and payment schedule submitted with the bid.  

 

            The Town reserves the right to accept or reject any or all bids, to waive any informality in the bids and to exercise its judgment in evaluating the bids.  The decision of the Select Board on these matters shall be final and conclusive.





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