This Solicitation opportunity from Florida was posted on January 2, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Fire Apparatus Master Lease Purchase Agreement or Fixed Rate Term Loan
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Martin County, Florida, is seeking proposals from qualified financial institutions to establish a financing arrangement for the acquisition of fire department vehicles. The primary option is a master lease purchase agreement designed to secure the lowest overall borrowing costs for the County. Alternatively, the County will consider proposals for a non-bank qualified, tax-exempt fixed rate loan backed by a covenant to budget and allocate legally available non-ad valorem revenues, evidenced by a revenue note issued by the County. The financing is intended to fund essential fire apparatus, with PFM Financial Advisors LLC serving as the County’s financial advisor to assist in selecting the most suitable financing vehicle. The solicitation, titled "Fire Apparatus Master Lease Purchase Agreement or Fixed Rate Term Loan," was posted on January 2, 2024, with a response deadline of January 24, 2024. The process is open to qualified institutions, and detailed information about the solicitation can be accessed through the provided DemandStar link.
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