Tax-Exempt Lease Purchase (TELP) Financing

Tax-Exempt Lease Purchase (TELP) Financing

Department: City Attorney, City Clerk, Mayor & City Council, City Treasurer, City Manager, Community Development, Finance, Fire, Housing Services, Human Resources, Parks & Recreation, Police, Public Works, Information Technology

RFP Number: FIN-2025-0627

Start Date: 06/09/2025 4:29 PM

Close Date: 06/27/2025 4:00 PM

The City of Fairfield (the "City") is seeking proposals from qualified financial institutions to provide Tax-Exempt Lease Purchase (TELP) financing to fund an energy savings performance contract ("Project"). The City intends to secure financing under tax-exempt conditions to support energy-efficient infrastructure improvements.

The successful respondent will be required to meet the City’s insurance requirements, which include:

(a) Commercial General Liability - $1,000,000 per occurrence / $2,000,000 aggregate

(b) Automobile Liability - $1,000,000 per occurrence

(c) Worker’s Compensation - $1,000,000 per occurrence

(d) Professional Liability - $1,000,000 per occurrence

There will be no mandatory pre-proposal meeting. Questions regarding the RFP must be submitted in writing via email to Ashley Doyle, Budget Officer, at adoyle@fairfield.ca.gov. All written requests for clarification must be received by 4:00 p.m. on June 24, 2025.

Proposals must be submitted electronically via email with the subject line: "Tax Exempt Lease Purchase (TELP) Financing." Proposals must include the proposer’s name, address, and telephone number.

All proposals must be received by 4:00 p.m. on June 27, 2025.

Submit proposals to:
Ashley Doyle, Budget Officer
City of Fairfield - Finance Department
1000 Webster Street, 1st Floor
Fairfield, CA 94533
Email: adoyle@fairfield.ca.gov

Click here to view full RFP document.