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City of Ketchikan·Alaska

Fire Department RFP to Provide Tax-Exempt Lease Financing for the 2019 Fire Apparatus Replacement Program

Closes 10/29/2019$2M – $5MRequest for ProposalLogin required
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Description

This solicitation seeks a qualified financing partner to provide tax‑exempt lease financing for the City of Ketchikan’s 2019 Fire Apparatus Replacement Program. The vendor will design and administer a lease structure that enables the fire department to acquire new fire trucks while taking advantage of tax‑exempt status, adhering to municipal budgeting constraints, and ensuring compliance with relevant statutes. • Design a tax‑exempt lease solution for the purchase of new fire apparatus. • Structure financing terms that align with the city’s fiscal policies and cash‑flow needs. • Provide ongoing lease administration and reporting to meet compliance and audit requirements. • Offer optional maintenance or support services as part of the lease package, if feasible. • Deliver the financing arrangement within the bid submission deadline.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Key dates

Opened
10/23/2019
Closes
10/29/2019

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522310
Solicitation №
RFP No. 19-40

Budget estimate

$2,000,000 – $5,000,000

No specific contract value is disclosed, but municipal fire apparatus replacement programs typically involve financing packages ranging from a few million dollars to upwards of ten million, depending on the number and type of vehicles. Assuming a modest fleet upgrade (≈5–7 fire trucks) and standard lease terms, a reasonable estimate for the financing amount would be between $2 million and $5 million. This range accounts for equipment cost, interest, tax‑exempt benefits, and any ancillary services bundled in the lease.

AI estimate from the solicitation

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