Equipment Lease Financing
Wayne-Finger Lakes Board of Cooperative Educational Services > Business Office
Original Solicitation Links
Master Lease Purchase Agreement WFL 2027-21 Addendum 1
]https://wflboces.ionwave.net/PublicDetail.aspx?bidID=352&SourceType=1Contact
Submission Instructions
Description
Three New York Boards of Cooperative Educational Services (BOCES) seek a qualified bank, trust company, or authorized affiliate to provide a master lease-purchase line of credit for equipment acquisitions and refinancing of existing equipment leases. The primary anticipated financing need is for computer hardware, associated software, and related products, with individual equipment schedules expected to have terms of three, four, or five years. The solicitation establishes interest-rate pricing, funding procedures, and contract terms; actual transaction amounts and frequency are not guaranteed. The stated estimated maximum annual financing is $5 million for Monroe #1 BOCES, $2 million for Monroe 2-Orleans BOCES, and $3 million for Wayne-Finger Lakes BOCES. The selected lender must be authorized to conduct business in New York and provide sample master agreement and related contract documents for legal review. Bidders must submit pricing and financing examples, qualification and disclosure information, at least three references from educational institutions completed within the past 12 months, a copy of their banking license or charter, a one-year financial statement or annual report, a list of New York school districts or BOCES served, proposed contract documents, and the specified bid forms. The initial contract term is one year, with up to four additional one-year extensions by mutual agreement.
Classification Codes
Smart Codes
Specifications
Timeline
Requirements
- Property and liability insurance
- Minimum 3 references
- Within the last 1 year
- Client point of contact required for each reference
Documents
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