CityCA
Posted
Sep 29, 2026
Oct 20, 2026
Tax Exempt Lease Purchase Financing 27-15
The City of Newport Beach seeks proposals from qualified financing providers for tax-exempt lease-purchase financing of the remaining acquisition cost of six trolley vehicles. The principal amount may not exceed $1,800,000, and the City anticipates five annual lease payments. The City intends to make a single award based on the overall financing solution, including cost, terms, qualifications, and the ability to accommodate acquisition draws.
