The City of Nacogdoches is seeking proposals for lease-purchase financing for a new fire engine. The total cost of the fire engine is $950,000. Proposals must be received by April 16, 2026, at 2:00 PM. The financing terms can be for 5, 7, or 10 years, with annual or semi-annual payments. The first payment is estimated to be due in April or May of 2027. The City has a AA credit rating. Proposals must include a fixed interest rate and remain firm through the delivery date of the equipment. The City reserves the right to prepay the lease without penalty. The City's obligation to make lease payments is subject to annual appropriation. Firms must submit one original and two copies of their proposal, plus one digital copy on a thumb drive. The evaluation criteria include clarity and quality of proposal (pass/fail), firm background (15 points), relevant experience and qualifications (15 points), and cost proposal (70 points). Price is a majority factor but not the sole determining factor.
The bid notice states that proposals must be received before Thursday, April 16th, 2026, at 2:00 PM.
The bid notice states that modes of payment can be annual or semiannual, with the first payment due date estimated between April or May of 2027.
The bid notice states that the city will select the firm which, in the city's opinion, has made the proposal most beneficial to the city for award, considering price as a majority factor but not the sole determining factor.
The bid notice states that firms must be qualified and capable with substantial and relevant experience and expertise to provide lease-purchase financing.
The bid notice states that the City of Nacogdoches reserves the right to prepay the lease prior to the end of the lease term with no penalty.
The bid notice states that the deadline for written questions and inquiries is Wednesday, April 8th, 2026, at 2:00 p. m.
The bid notice states that the total cost for the fire engine is nine hundred fifty thousand dollars ($950,****).
