Miami County Opengov #2026-09-RFB

Lease-purchase financing for four Spartan fire apparatus for Miami County Rural Fire District #1

Miami County is seeking fixed-rate lease-purchase financing for four fire apparatus for Miami County Rural Fire District #1. - Government buyer: County of Miami, Kansas, through Miami County Rural Fire District #1 and the Administration, Purchasing Division. - OEMs and vendors: Spartan is identified for all four apparatus; Freightliner is identified as the chassis manufacturer for one engine. - Apparatus requested: - Two Spartan Type 1 Engines with Spartan chassis, one each for Paola and Louisburg stations, at $778,000 each. - One Spartan Engine with a Freightliner chassis for Osawatomie station, at $706,000. - One Spartan Tender for Louisburg station, at $550,000. - Estimated purchase principal is $2,812,000; final model selection for the two Type 1 Engines may be subject to Commission approval. No part numbers are provided. - Financing requested: Fixed-rate lease-purchase proposals for 10-, 12-, and 15-year terms, with an amortization schedule and total borrowing cost for each option. Principal is paid annually and interest semiannually. - Important requirements: Provide a 60-day rate lock and an adjustment formula if funding is delayed; disclose fees, prepayment choices, premiums, penalties, and other early-payoff costs. The lease must include Kansas cash-basis and non-appropriation provisions. The County intends the financing to be tax-exempt and Bank Qualified. - Evaluation and duration: Award is based on the lowest overall borrowing cost. Financing terms are 10, 12, or 15 years; the resulting contract is expected to run approximately 12 months from award, with renewal possible by mutual agreement.

Description

Miami County seeks financing for the purchase of four fire apparatus for Miami County Rural Fire District #1 through the Houston-Galveston Area Council agreement. The estimated financing request is $2,812,000, subject to possible manufacturer discounts and Commission approval of the final Type 1 Engine model. Bidders must provide fixed-rate financing options for 10-, 12-, and 15-year terms, including amortization schedules and applicable fees and prepayment terms. The award criterion is the lowest overall borrowing cost to the County.

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