City of Newport Beach Tax Exempt Lease Purchase Financing RFP 27-15
City of Newport BeachCity · Newport Beach, CA- Due
- Oct 20, 2026
- Deadline passed
- Posted
- Sep 29, 2026
- Contract term
- 5 years
- Primary contact
- Jennifer Anderson
- (949) 644-3080
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Summary
The City of Newport Beach is seeking proposals from qualified financial institutions and financing providers for tax-exempt lease-purchase financing for the remaining acquisition cost of six trolley vehicles for City operations under RFP 27-15.
The aggregate principal amount shall not exceed $1,800,000, with a repayment schedule consisting of five annual lease payments expected in Fiscal Years 2026-27 through 2030-31. The objective is to identify the proposer offering the best overall financing solution, including cost, qualifications, financing terms, and ability to accommodate anticipated acquisition draws. Proposals are due by October 20, 2026, with a notice of interest deadline on October 6, 2026. Submissions are to be delivered to 100 Civic Center Drive, Newport Beach, California.
- Submit to
- 100 Civic Center Drive, Newport Beach, California, 92660
- Scope location
- Newport Beach, CA
Questions about this RFP
How do I respond to this RFP from City of Newport Beach?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 20, 2026. Submissions should be delivered to: 100 Civic Center Drive, Newport Beach, California, 92660. For questions, contact Jennifer Anderson.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Newport Beach in CA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Jennifer Anderson at (949) 644-3080. Questions and answers are typically shared with all prospective bidders.
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Where can I find more RFPs from City of Newport Beach?
All active and historical solicitations from City of Newport Beach are tracked and searchable. As a city agency, City of Newport Beach regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. Review the full document from City of Newport Beach for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Newport Beach, CA. Review the full solicitation for detailed scope requirements.