Master Lease Finance Agreement

The City of Hartford is seeking a single, city‑wide master equipment lease/purchase facility to finance the acquisition of motor vehicles, heavy‑duty trucks, and various municipal equipment across fire, public works, and IT departments. The selected lender will provide a $25 million tax‑exempt lease facility with flexible 3‑, 5‑, 7‑year terms, level‑payment amortization, and a purchase‑option at lease end. Vendors must submit indicative pricing as of May 1, 2026 and detailed bond/escrow arrangements. • Facility size: $25 M master lease for vehicles and equipment (≈ $25.07 M total estimated equipment cost). • Lease terms: 3‑, 5‑, 7‑year options, monthly level payments, pre‑payment allowed without penalty, principal/interest due August 31 each year. • Scope: Provide financing, escrow funding, security interests, and optional purchase options for a wide inventory (fire trucks, dump trucks, IT network gear, etc.). • Required deliverables: Indicative tax‑exempt lease rates, bond/escrow provider details, compliance with City insurance and surety requirements.