Municipal Lease-Purchase Financing for EMS Rescue/Ambulance Vehicle

Agency:	Town of Warren
State:	Rhode Island
Type of Government:	State & Local
NAICS Category:	621910 - Ambulance Services
Posted Date:	Jan 5, 2026
Due Date:	Jan 22, 2026
Original Source:	Please Login to View Page
Contact information:	Please Login to View Page
Bid Documents:	Please Login to View Page

Description

Town of Warren, Rhode Island
Request for Proposals (RFQ)
Municipal Lease-Purchase Financing for EMS Rescue/Ambulance Vehicle

The Town of Warren, R.I., is soliciting proposals from qualified municipal leasing providers to tax-exempt municipal lease-purchase financing for the acquisition of a remount EMS rescue vehicle.

To be considered, three copies of a proposal must be received by the Town Clerk's Office, Town Hall, at 514 Main Street, Warren, RI 02885, by 11:00 A.M. on January 22, 2026. The Town of Warren reserves the right to reject any or all proposals submitted. Sealed proposals will be opened at 11:00 AM on January 22,2026. Late proposals may not be considered.

Specifications are available in the Warren Town Clerk's Office between the hours of
Monday, Wednesday & Thursday 8:00 a.m. to 4:00 p.m., Tuesday from 8:00 a.m. to 6:00 p.m. and Friday from 8:00 a.m. to 12:00 p.m., 514 Main Street, Warren, RI 02885.
Warren is an equal opportunity provider and employer.

For questions regarding this RFQ, contact:
Gary Marshall, Finance Director-401-245-7341
514 Main Street, Warren, RI 02885
gmarshall@townofwarren-ri.gov,
Or
Brian Sullivan-Town Manager-401-245-7554
bsullivan@townofwarren-ri.gov

Municipal Lease-Purchase Financing for EMS Rescue/Ambulance Vehicle Specifications

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TOWN OF WARREN, RHODE ISLAND

REQUEST FOR PROPOSALS (RFP)

Municipal Lease-Purchase Financing for EMS Rescue/Ambulance Vehicle

1. Introduction and Purpose

The town of Warren, R.I., is soliciting proposals from qualified municipal leasing providers to

provide tax-exempt municipal lease-purchase financing for the acquisition of a remount

EMS rescue vehicle.

The total acquisition cost of the vehicle is $360,512.00. The purpose of this RFP is to select a

leasing partner capable of offering flexible, competitive, and compliant financing options that

meet the needs of Warren’s emergency services.

2. Scope of Financing

The selected vendor will be expected to provide the following:

• Tax-exempt municipal lease-purchase financing

• Fixed interest rate for the full term of the agreement

• Five (5) year financing term

• Lease structure compliant with all applicable federal and state tax-exempt financing

regulations.

• Prepayment Options (clearly state if applicable)

3. Vendor Qualifications

Proposers must demonstrate:

• Proven experience in municipal leasing, specifically with public safety or emergency

service equipment

• Ability to provide tax-exempt financing to municipalities or similar public entities.

• Financial stability and capacity to fund the proposed transaction.

4. Proposal Requirements

Each proposal must include, to a minimum, the following information:

1. Company Information

o Legal name of firm

o Address, phone number, and primary contact person.

2. Experience and Background

o Description of experience in municipal lease-purchase financing

o Experience financing emergency vehicles or similar equipment.

3. References

o A minimum of three (3) municipal client references, including:

▪ Municipality name

▪ Contact person.

▪ Phone number and/or email.

▪ Description of services provided.

4. Financing Terms

o Proposed fixed interest rate.

o Amortization schedule for the five-year term

o Payment frequency options (annual, semi-annual, etc.)

5. Fees and Costs

o Disclosure of all fees, including but not limited to:

▪ Origination fees

▪ Documentation or closing fees.

▪ Administrative or service fees

6. Legal and Regulatory Disclosure

o Disclosure of any legal, regulatory, or enforcement actions involving the firm

within the past five (5) years, or a statement affirming none exists.

5. Evaluation Criteria

Proposals will be evaluated based on, but not limited to, the following criteria:

• Competitiveness of interest rate and overall cost

• Experience and qualifications in municipal leasing.

• Quality and relevance of references

• Transparency of fees and terms

• Compliance with RFP requirements

The Town of Warren reserves the right to reject any or all proposals, waive informalities, and

accept the proposal deemed to be in the best interest of the agency.

6. Submission Instructions

To be considered, three copies of a proposal must be received by the Town Clerk's Office, Town

Hall, at 514 Main Street, Warren, RI 02885, by 11:00 A.M. on January 22, 2026. The Town of

Warren reserves the right to reject any or all proposals submitted. Sealed proposals will be

opened at 11:00 AM on January 22,2026.

All proposals must be submitted in a sealed envelope plainly marked on the exterior of the

envelope, with the name and address of the bidden, date and time of opening and Municipal

Leasing Program.

Late proposals may not be considered.

Warren is an equal opportunity provider and employer.

Questions regarding this bid may be directed to the Finance Director, Gary Marshall at 401-245-

7341 gmarshall@townofwarren-ri.gov or Town Manager, Brian Sullivan 401-245-7554,

bsullivan@townofwarren-ri.gov

This page summarizes the opportunity, including an overview and a preview of the attached documents.

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Municipal Lease-Purchase Financing for EMS Rescue/Ambulance Vehicle

Description

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