The City of Mineral Wells, Texas, requests proposals from qualified financial institutions for tax-exempt, fixed-rate lease-purchase financing for various vehicles and equipment. The proposal must include a financing proposal, amortization schedule, firm qualifications, and must remain valid for at least 120 days. The city intends to select the proposal offering the best value and may negotiate final documents. Proposals are due on September 18, 2026, at 2:00 p. m. CT.
The proposal due date is September 18, 2026, 2:00 p. m. CT. proposal due september 18, 2026, 2: 00 p. m. ct
Payments are equal semiannual payments in arrears, with the first payment date established at closing. equal semiannual payments in arrears, with the first payment date established at closing.
The city will evaluate proposals using weighted criteria, with 60 points for total financing cost, rate, fees, and prepayment value. evaluation factor points total financing cost, rate, fees, and prepayment value 60
Proposers must submit brief firm qualifications and experience with Texas municipal lease-purchase financing and at least three comparable governmental references. brief firm qualifications and experience with texas municipal leasepurchase financing primary contact and at least three comparable governmental references.
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Written questions are due to the contact above by 2: 00 p. m. ct, September 18, 2026. written questions are due to the contact above by 2: 00 p. m. ct, september 18, 2026.
The estimated total is 554,**** total 554, ****