SLED Opportunity · ARIZONA · CITY OF SAFFORD
AI Summary
City of Safford seeks qualified firms for capital lease financing of a 2019 Caterpillar 826K Landfill Compactor, estimated at $772,307, with a 7- or 10-year payment term. Selection based on qualifications and responsiveness.
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.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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