The City of Fredericksburg, Texas will be accepting proposals for Electric Meter Replacement Financing in the amount of $1,114,372.93. The proceeds will be used to cover the cost of the following:
The details of the lease are as follows:
• 5 – year term
• Five equal payments to be made annually on November 15th beginning 11/15/2020
• Lease payments will be made from the City’s Electric Fund
• Opinion will be provided by City of Fredericksburg’s counsel, City Attorney, Daniel Jones
The City of Fredericksburg’s Council has approved funding of the electric meter replacement in its FY 2021 Budget.
Funds will be placed in escrow and will be paid to the vendor as the equipment is delivered and installed.
Bids are to be mailed or e-mailed to the following and received no later than 11:00 a.m. Central Standard Time on Thursday, November 5, 2020. Forms are available on the City Website. Please reply to the following:
City of Fredericksburg
Attn: Electric Meter Replacement Financing
Laura Hollenbeak, Director of Finance
126 West Main St.
Fredericksburg, TX 78624
Phone: (830) 990-2015