Five Year Verkada Financing

Methuen Public Schools is soliciting quotes for a tax-exempt municipal lease-purchase financing agreement or equivalent instrument to finance a principal amount of $345,176.49 over a five-year term. This request is specifically for the financing of a previously procured Verkada licensing agreement and does not involve the selection of a security vendor. The contract will be awarded to the most responsible and eligible bidder offering the lowest total cost of financing, which includes the principal, interest, and all associated fees. Evaluation factors include the interest rate, payment schedule, prepayment provisions, and other applicable terms. The financing must be subject to annual appropriation in accordance with M.G.L. c. 44, §21C. Eligible respondents must be banks, leasing companies, or municipal finance entities authorized to operate in Massachusetts and must be in good standing with state and federal agencies. Required submissions include a price proposal and certifications regarding tax compliance under Mass. G.L. c. 62C s. 49A, good faith, and conflict of interest per Chapter 268A. The successful bidder will be responsible for issuing a purchase order directly to the security vendor for the full amount of the awarded quote. All invoices must be submitted via email to the district and refer to a valid authorized purchase order.