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Bid Title: REQUEST FOR PROPOSAL - FINANCING FOR ELECTRIC METERS
Category: Request for Proposals / Qualifications
Status: Closed

Description:

Request for Proposal 

Electric Meter Replacement Financing 

The City of Fredericksburg is accepting proposals for financing of electric meters with an estimated cost of $1,114,372.93.  Proposals will be accepted at the City of Fredericksburg, Director of Finance office, 126 W Main St, Fredericksburg, Texas until 11:00 a.m. local time on Thursday, November 5, 2020. 

Proposals must be clearly marked Electric Meter Replacement Financing on the envelope or subject line.  Specifications and proposal forms can be obtained from the City’s website, www.fbgtx.org; phone (830) 990-2015 or email to . 

The City of Fredericksburg reserves the right to accept or reject any or all proposals. 

Publication Date/Time:
10/20/2020 12:00 AM
Closing Date/Time:
11/5/2020 11:00 AM
Contact Person:
Laura Hollenbeak
Director of Finance
126 W. Main St.
Fredericksburg, TX 78624
Main: (830)997-7521
Direct: (830)990-2015
Email: LHollenbeak@fbgtx.org
Miscellaneous:
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:

• Infrastructure
• Software
• Installation

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
E-mail: lhollenbeak@fbgtx.org
Web: www.fbgtx.org

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