The City of Granbury is accepting sealed bids for Request for Proposal for lease purchase financing services from qualified financial institutions. The following outlines the request for proposal:
The lease payments will be made quarterly, due in March, June, September, and December each year. The issue will be Non-Bank Qualified.
If your firm is interested, please obtain a copy of the RFP from the City of Granbury, and submit a sealed bid which should include the financing interest rate and term, and enclose amortization schedules reflecting the principal and interest reduction over the term of the financing along with samples of all necessary documentation/contracts to the following address:
City of Granbury
116 West Bridge Street
Granbury, Texas 76048
Attn: Eva S Gregory
Sealed bids must be received at the designated location no later than 3:00 p.m. Monday, November 14, 2016. Please mark the outside of your envelope, "BID NO. 16-17-02". Any bids received after the closing date and hour shall be returned unopened. The City reserves the right to accept or reject any and all bids or any part of any bid received.
Proposals for the financing will be reviewed separately, ranked, and a recommendation made to the City Council at a regular council meeting. Until final award the City reserves the right to reject any and/or all bids. Specific information regarding this RFP shall be requested from Eva S Gregory, Director of Finance, at 817-573-1114/1627.
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