Bid No. 26-24 - Add. No. 1 - Tax Exempt Lease.docx.pdf

This is Addendum No. 01 to the Request for Proposal issued by the Town of East Hartford, Connecticut for municipal tax-exempt lease financing (Bid No. 26-24). The addendum clarifies key terms and conditions regarding the financing proposal for municipal equipment. The RFP requires proposals to be submitted by April 27, 2026 at 11:00 AM EDT. Critical clarifications include confirmation that bids must be held for 60 days with a corresponding 60-day rate lock period. The first annual lease payment is due no earlier than August 1, 2026, with subsequent payments made annually in arrears. The addendum confirms that equipment has not yet been ordered or delivered, with delivery expected within two years of lease issuance once funding is secured. Model years for the specific vehicles have not been provided, nor have vendor quotes or detailed delivery date estimates been made available at the time of this addendum.

The addendum specifies that the Town requires bidding consultants to submit a formal letter of transmittal with their proposal that explicitly accepts all terms and conditions outlined in the RFP. The total cost of the lease financing must remain within amounts specified in the original RFP documentation, which was not disclosed in the addendum. No information regarding incumbent contractors, set-asides for disadvantaged enterprises, or specific funding sources beyond the lease mechanism is provided in this addendum. Inquiries should be directed to Michelle Enman at the Town of East Hartford, 740 Main Street, East Hartford, CT 06108, by telephone at 860-291-7271 or email at menman@easthartfordct.gov.