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Bid Number: 2019-05
Bid Title: CAPITAL LEASE FINANCING - 2019 Landfill Compactor
Category: Bid Postings
Status: Closed

Description:
    The City of Safford, Arizona (City) is issuing this Invitation for Bid (IFB) to identify qualified firms to enter into a capital financing agreement for a capital purchase of a 2019 Caterpillar 826K Landfill Compactor. The estimated cost of the equipment lease is approximately $772,307.
     All payments by the City under the lease/purchase agreement will be subject to annual appropriation by the City Council, and the capital financing agreements will not constitute an indebtedness of the City within the meaning of any constitutional or statutory provision or limitation. The estimated cost of this purchase is approximately $772,307. The structure of the financing would be a 7-year or 10-year, equal quarterly principal and interest payments, level annual debt service.
    The City expects to select the most qualified, responsive, resourceful and experienced respondent based on the review by the City and its evaluation/selection committee. The overall most responsive firm will be selected at the sole discretion of the City based on the review of and scoring of the respondents’ overall submittals.
Publication Date/Time:
10/31/2019 5:00 AM
Publication Information:
October 31, 2019 9:00 AM
Closing Date/Time:
11/21/2019 3:00 PM
Contact Person:
Alma Flores Valles, Finance Officer
717 West Main Street
PO Box 272
Safford, Arizona 85548
Phone: 928.432.4032
Fax: 928.348.3114
Special Requirements:
The capital financing agreements will be structured as a tax-exempt capital lease. Each proposer must indicate any specific covenants or security features that will be required to obtain a financing commitment.
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