Milton Independent School District Civicplus #RFP - Ambulance Lease Purchase

Town of Milton Seeks Capital Lease Financing for 2026 Braun Ambulance

The Town of Milton, Vermont is seeking proposals for capital lease purchase financing for a 2026 Type I Braun Ambulance for its Rescue Department. - Government Buyer: - Town of Milton, Vermont (Town Treasurer: John C. Gifford) - OEM Highlighted: - Braun Ambulance (manufacturer of the ambulance to be financed) - Products/Services Requested: - 2026 Type I Braun Ambulance (1 unit) - Capital lease purchase financing for $275,000 over 5 years - Tax-exempt lease structure - Annual payments required - Non-appropriation clauses must be included - No prepayment penalty option required - Fixed interest rate bid valid for 30 days - Successful bidder pays vendor directly and holds title until loan is paid in full - Unique/Notable Requirements: - Proposals must specify annual interest rate, annual payment amount, and total payment amount - All standard lease documents, equipment schedules, escrow agreement, proof of insurance, municipal guarantees, and any security deposit requirements must be submitted - Only designated contacts may be approached for questions - Selectboard approval required for master lease agreement

Description

The Town of Milton is soliciting proposals from qualified firms to enter into a capital lease purchase agreement for financing a 2026 Type I Braun Ambulance. The lease purchase agreement is for $275,000 with a term of 5 years and will be structured as a tax-exempt capital lease. Proposals must include annual payments, non-appropriation clauses, a no prepayment penalty option, and a fixed rate bid valid for 30 days. The successful bidder will pay the vendor directly and hold the title until the loan is paid in full.

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