RFP#FIN2027-001

The City of Hyattsville, Maryland is seeking qualified financial institutions to enter into a Master Lease Financing Contract that will enable the City to lease‑purchase eligible equipment (e.g., motor vehicles, street sweepers, material handling equipment) on a 3‑ or 5‑year term with the intent to own the assets at lease end. The contract will provide up to $3‑5 million in financing for 3‑year leases and up to $5 million for 5‑year leases, with quarterly payments and optional pre‑payments without penalty. Proposals must include a statement of interest, term sheet, financing calendar, interest rate, fee disclosure, and supporting documentation. The City will evaluate proposals on financial terms, ease of execution, and life‑cycle costs, and will award the contract by mid‑October 2026. • Eligible property: municipal vehicles and equipment (garage/recycling trucks, street sweepers, non‑road vehicles, material handling equipment). • Financing amount: $3‑5 M for 3‑year leases; $5 M for 5‑year leases (subject to negotiation). • Lease terms: 3‑year or 5‑year, quarterly payments (Feb 1, May 1, Aug 1, Nov 1). • Pre‑payment: allowed once per fiscal year, no penalty, reduces principal and lease term. • Submission deadline: 4:00 PM, October 7 2026 (three copies required). • Evaluation criteria: interest rate, fees, overall cost, contractual terms, vendor experience and references. • Award notification: October 14 2026; contract execution pending council approval.