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City of Newport Beach
· City
· California
Tax-Exempt Lease-Purchase Financing for Six Trolley Vehicles
PROPOSALS DUE
October 20, 2026, 1:00 pm PDT
19 days left
WHAT THEY WANT
(Summarized from the RFP)
The City of Newport Beach is seeking a qualified financial institution or financing provider to deliver tax-exempt lease-purchase financing for the remaining acquisition cost of six trolley vehicles the City has already contracted to buy from Model 1 Commercial Vehicles, Inc. Deposits and performance-bond amounts on that purchase have been paid, and this solicitation covers the balance. The aggregate principal may not exceed $1,800,000, and the final amount will equal the acquisition draws actually funded, which may be less.
DOCUMENT SET
2 documents
· 4.1MB
CHANGES SINCE PUBLISHED
No amendments recorded yet. If the entity publishes changes, they will be summarized here.
WHAT OTHERS ASKED
No questions answered in writing yet — when the government entity answers, each one lands here, with the ones that change who can bid called out.
ABOUT THIS RFP
RFP number
27-15
Budget
Not to exceed $1,800,000 aggregate principal
Published
Entity type
City
State
California
Summarized from the City of Newport Beach portal.
HOW TO SUBMIT
Submit electronically through the City of Newport Beach PlanetBids portal (http://www.newportbeachca.gov/bidderportal); bidders must register for this solicitation on PlanetBids to receive addenda and Q&A. Upload the Financing Pricing Proposal Form (Cost File) separately from the Response File - pricing placed in the Response File may disqualify the proposal. Include a certificate of insurance and a Statement of Compliance identifying any exceptions. Questions only through the PlanetBids Q&A tab; no contact with City staff other than Purchasing. For portal issues contact PlanetBids support at (818) 992-1771.
NAICS CODES & TAGS
541990
Banking Services
ACROSS 539 RFPS
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RFPs changed their terms while active.
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Changes since published
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What others asked
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