Tax Exempt Lease - Purchase Financing

The Atlantic County Utilities Authority (ACUA) is seeking a qualified financial institution to provide tax‑exempt lease‑purchase financing of $3.34 million for essential capital equipment. The financing must be structured as a five‑year lease with semi‑annual interest payments and annual principal repayments beginning March 1 2027 and ending March 1 2031. The award will go to the bidder offering the lowest overall borrowing cost, including all fees and escrow costs. Bidders must submit a full amortization schedule, rate‑lock proposal, and comply with New Jersey public contract law, business registration, and equal‑opportunity requirements. • Total financing amount: $3,340,000 • Lease term: 5 years, principal repaid $668,000 annually on March 1 (2027‑2031) • Interest payable semi‑annually; rate‑lock for 30 days, with index‑based adjustments after 30 days • Required documents: amortization schedule, escrow fee estimate, pre‑payment options, NJ Business Registration Certificate, ownership disclosure, insurance, W‑9, etc. • Evaluation criterion: lowest total borrowing cost to ACUA • Submission deadline: November 6 2026, 11:00 a.m. (electronic) • Questions due: October 23 2026, 12:00 p.m. • Primary contact: Oren R. Thomas IV, Procurement and Contracts Manager (phone (609) 272‑6950)