2027 Lease RFP Cart Barn and equipment

The Town of North Kingstown, Rhode Island is seeking proposals from non-qualified financial institutions and banks to enter into a tax-exempt lease in the amount of $2,127,608.00. The lease will finance various equipment and fixtures, including a prefabricated golf cart, utility barn, police utility vehicles, and a large commercial woodchipper. The proposal should include the name of the bank or financial institution, maximum commitment amount, interest rate, principal and interest payments, and other conditions. The town reserves the right to reject any and all proposals. • The lease term is 15 years for some equipment and 4-7 years for other equipment • The lease payments will be subject to annual appropriation by the Town Council • The proposal should include any prepayment provisions and other conditions • The town will use its best efforts to answer any questions and provide additional information requested in connection with the proposal