LA County Equipment Financing Bid Request - 60 Months

 
Bid Detail Information
Bid Number : EQUIPFIN082417-2Bid Title : LA County Equipment Financing Bid Request - 60 MonthsBid Type : CommodityDepartment : Chief Executive OfficeCommodity : INSTALLMENT PURCHASE/LEASE PURCHASE FINANCING AND LEASE WITH OPTION TO PURCHASE FINANCINGOpen Date : 8/24/2017Closing Date : 8/30/2017 3:00 PMBid Amount : N/ABid Download : 
Available Bid Description : The County anticipates having several new equipment acquisitions which will require equipment capital lease financing in the next 90 days. (However, we do not guarantee any particular amount of equipment financing).
Please quote on the interest rate that your firm can commit to funding for each of the specified ranges of principal funding amount below.
The attached financing documents will be used for the transaction.
FINANCING BID REQUEST:
Items to be financed through a capital lease: equipment with useful life in excess of

5 years (such as photocopiers) for County operations
Funding date: within approximately 90 days from bid response deadline
Term: 60 months
Payment frequency: monthly, in arrears
First payment date: One month from funding date
For principal funding amounts:
$300,000 to $750,000 �� Interest Rate Bid: ___ %
$150,000 to $299,999 �� Interest Rate Bid: ___ %
$75,000 to $149,999 ��.. Interest Rate Bid: ___ %
$15,000 to $74,999 ���..Interest Rate Bid: ___ %
NOTE: Bidders are not required to submit bids for all funding amount ranges; be sure to complete each range if intend to bid on it. Any range not filled in will be interpreted as a NO BID.
NOTE: �interest rate� for this financing bid request is defined as the monthly periodic interest rate multiplied by 12. (e.g. A 1.000% interest rate = .0833% periodic interest x 12, and would equate to a $1,709.37 monthly payment on a $100,000 loan for 60 months, paid in arrears)
BID RESPONSE DEADLINE IS AUGUST 30, 2017 at 3pm pacific time. In their response, Bidders must provide:
1) The Interest Rate bid for the funding amount ranges they would like to bid on.
2) An executed copy of the Municipal Lease with Option to Purchase Agreement (MLOPA) indicating agreement to the terms and conditions in the Agreement. Individual copier financings will be completed as separate lease schedules under that agreement. Bidders will need to print out and insert the company name into the blank space on the front page of the agreement. And fill in the blank information on the Execution page prior to executing the agreement.
Emailed submissions are acceptable to meet the deadline but originals are required to be delivered by the following day.
Mailing address is:
LA County Chief Executive Office
Facilities and Asset Management Division, Room 754
500 W. Temple St.
Los Angeles, CA 90012
ATTN: Lilly Qi
Please e-mail Lqi@ceo.lacounty.gov with any questions.
Contact Name : Lilly QiContact Phone# : (213) 893-2476Contact Email : Lqi@ceo.lacounty.govLast Changed On : 8/24/2017 2:28:24 PM