The City of Burlington, Vermont is seeking proposals from qualified financial institutions and banks to purchase its proposed $2,733,763 capital lease for Fiscal Year 2026. This lease will finance fleet equipment. Proposals must be submitted electronically as a PDF by 12:00 PM Eastern Time on May 13, 2026, to darlene bayko at ***@***. *. * expected award date is May 15, 2026, and the expected closing and funding date is June 19, 2026. Bidders must present their form of lease documents with their bid. The city reserves the right to reject any or all proposals and to award the contract to the proposal that best meets its interests.
The bid notice states that proposals must be submitted by 12:00 PM Eastern Time on May 13, 2026. please e mail a pdf version of the proposal by 12: 00 pm eastern time on may 13, 2026 to darlene bayko dbayko@burlingtonvt. gov.
The bid notice states that the city reserves the right to award the contract to the proposal the city deems will meet its best interests, even if that proposal is not the lowest bid. he city reserves the right to reject any or all proposals, to negotiate with one or more parties, or to award the contract to the proposal the city deems will meet its best interests, even if that proposal is not the lowest bid.
The bid notice states that the city is seeking proposals from qualified financial institutions and banks. he city of burlington, vermont the city, is seeking proposals from qualified financial institutions and banks to purchase its proposed 2, 733, 763 capital lease for fiscal year 2026 the lease.
The bid notice asks bidders to describe the terms and calculation methodology for any proposed prepayment penalties, if any. a. please describe the terms and calculation methodology for any proposed pre payment penalties if any.
The bid notice indicates the estimated total value of the capital lease is $2,733,763. he lease par amount: 2, **** and fy25 total 2, 733, 763.