escrow information. Proposal Defines the basic parameters for State whether Information - the financing organizations to client’s funds will be Specific prepare their bid responses. used as a down Terms Defines lessee, lessor, nature of payment. the model lease contract, security required, desired terms of interest rate, pre-payment requirements, assignment rights, the need to specify all costs, requirements of the ESCO, and requirements of the lender. Proposal This section defines the Information conditions: the cost of – Conditions developing the proposal is the to Proposal respondent’s responsibility, there are no oral or implied contracts, the client has the right to accept or reject the proposal, the lessor is required to enter into a tax-exempt lease purchase agreement with the client if selected, and any amendments that become part of the contract, and standard contract requirements. Financing A prepared letter is provided for The intent is for the Proposal respondents to submit that ESCO to review the Letter includes the submittal responses and requirements of lender present all responses information, financing structure to the client with the (structure, security, proceeds, ESCO’s term, payments, prepayment, recommendations interest rate, closing costs, and comments on escrow account terms, model the most lease contract, payment and advantageous performance bond requirements proposal.
escrow information. Proposal Information - Specific Terms Defines the basic parameters for the financing organizations to prepare their bid responses. Defines lessee, lessor, nature of the model lease contract, security required, desired terms of interest rate, pre-payment requirements, assignment rights, the need to specify all costs, requirements of the ESCO, and requirements of the lender. State whether client’s funds will be used as a down payment. Proposal Information – Conditions to Proposal This section defines the conditions: the cost of developing the proposal is the respondent’s responsibility, there are no oral or implied contracts, the client has the right to accept or reject the proposal, the lessor is required to enter into a tax-exempt lease purchase agreement with the client if selected, and any amendments that become part of the contract, and standard contract requirements. Financing Proposal Letter A prepared letter is provided for respondents to submit that includes the submittal requirements of lender information, financing structure (structure, security, proceeds, term, payments, prepayment, interest rate, closing costs, escrow account terms, model lease contract, payment and performance bond requirements The intent is for the ESCO to review the responses and present all responses to the client with the ESCO’s recommendations and comments on the most advantageous proposal.
financing_solicitation.docx