Government Contract | Kentucky
Capital Leasing Services

Bid Information


Bid Alert No: 00002463131

Bid Title: Capital Leasing Services

Agency Bid No. Title: RP-029-21

Received Date: 01/11/2021

Close Date: 01/28/2021

Purchase Type: Not Stated

Delivery Point: University of Louisville, Louisville, Kentucky

Delivery Date: Not Stated

Special Notices: Questions Due By 01/14/2021 12:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to: obtain Capital Leasing Services through an established tax-exempt Master Lease FinancingProgram (Lease Program). The Lease Program must encompass all University financing requirements for but notlimited to long term leases for: capital equipment, software, and other infrastructure programs at the University ofLouisville and its affiliates (University of Louisville Research Foundation and University of Louisville AthleticAssociation). Leases should range from 24 to 72 months (depending on items being leased) with annual payments onJuly 1 with a $1 buy-out at end of lease term. Proposals may include other alternative forms of lease structures forconsideration. While the University will not guarantee amounts financed under the master leasing arrangement in anygiven year it expects a range of $3 to $10 million per year of new leases.Any deviations to standard terms located in this document should be disclosed to the university.All proposed master financing agreements shall provide financing based on the following terms:1. There shall be no penalty for prepayment of the total or partial amount financed.2. The lessor shall be responsible for any applicable local, state or federal taxes throughout the term of the lease,unless otherwise noted in the Lease Program.3. The lease agreements shall be governed by and construed in accordance with the laws of the Commonwealth ofKentucky.4. For leases that require escrow accounts to be established, all interest earnings will accrue to the benefit of theUniversity. The lessor may identify preferred escrow agents at any time during the term of the Lease Program.5. The Lease Program must disclose the basis for calculation of the interest rate for each financing request. Theinterest rates proposed must be inclusive of all costs to the University.

Bid Related Documents

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Bid Related Attachments

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Amendments

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Product Code: 94654

Agency Information


Issuing Agency: University of Louisville

State: Kentucky

Agency Type: State and Local

Contact: Amber M. Horn Department of Procurement Services, 2215 S. Brook Street, Louisville, Kentucky, 40208

Email: amber.horn@louisville.edu

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