Maryland Procurement Portal #BPM058808

City of Hyattsville seeks financial institutions for Master Lease Financing Contract

The City of Hyattsville, Maryland is seeking proposals from financial institutions to provide a Master Lease Financing Contract. - Government Buyer: - City of Hyattsville, Maryland - Located in Prince George's County - OEMs and Vendors: - No specific OEMs or product vendors mentioned; solicitation is for financial services - Products/Services Requested: - Master Lease Financing Contract - Service enables the City to purchase or refinance eligible property on an as-needed basis - City intends to own the financed property at the end of the lease term - Unique/Notable Requirements: - Contract is as-needed, with no fixed schedule for purchases or refinancing - Lease structure must allow for eventual ownership of property by the City - No specific part numbers or product quantities; focus is on financial service provision

Description

The City of Hyattsville, Maryland is seeking proposals from financial institutions to establish a Master Lease Financing Contract. This contract will enable the City to make purchases or refinance Eligible Property on an as-needed basis. The intent is to own the financed property at the end of the lease term. The solicitation process includes a series of deadlines for questions, proposal submissions, and award notifications.

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