Vehicle Financing Rates for $2.5M Lease Purchase Agreement

NOTICE OF INVITATION FOR BIDS

Vehicle Financing Rates for $2.5M Lease Purchase Agreement

2025-IFB-041

The City of Kingman is soliciting sealed bids (Invitation for Bids or "IFB") from qualified financial institutions to provide a tax-exempt lease purchase agreement for a 10-year fixed rate lease purchase for $923,160.72 and 5-year fixed rate lease purchase for $1,613,616.76 for the financing of 30 vehicles and 2 heavy solid waste trucks . Criteria for selection will be the lowest overall cost to the City and the ability to meet the dates listed.

The IFB may be obtained by visiting the City of Kingman’s procurement portal at https://procurement.opengov.com/portal/cityofkingman .

Bids must be submitted through the OpenGov procurement portal.

Bidders wishing to submit questions must do so through the procurement portal by no later than 6:00 pm , Arizona time, on Monday, January 12, 2026 .

Bids are due by 6:00 pm , Arizona time, on Tuesday, January 27, 2026 . The City may reject any bid not in compliance with all of the prescribed solicitation procedures and requirements contained herein. The City also reserves the right to reject any bid when cancellation is in the best interest of the City.

Bidder wishing to submit bid responses should register for a free OpenGov account at: https://procurement.opengov.com/signup . To receive notification of future solicitations, please subscribe to the City of Kingman OpenGov solicitations by clicking here: https://procurement.opengov.com/portal/cityofkingman?status=all . For detailed instructions on how to register and subscribe, you can also visit the City of Kingman's website at: https://www.cityofkingman.gov/government/advanced-components/list-detail-pages/rfp-posts-list .

Mailed, faxed, hand-delivered, and e-mailed bids will not be accepted. Mailed bids will be disposed of, unopened, and will not be returned to the Bidder.

Thank you for your interest in working with the City of Kingman.

Wendy Sherer
Assistant Finance Director

The City of Kingman is a municipal governmental entity providing a full range of utility services, including water, wastewater, and solid waste. The City of Kingman also provides police and fire protection services, planning and zoning, building and life safety, tourism, economic development, municipal court, public transit, airport, recreation, golf, parks, pools, street maintenance, and various administrative support services.

Kingman, Arizona is a top tourist destination with the largest industrial park in Northern Arizona. This makes us a location of choice for companies moving to the state. With 34 million people within a day’s drive time, Kingman’s strategic location makes it easy to connect with customers and suppliers. Kingman’s central location offers significant advantages for transportation, distribution and logistics companies seeking a central location between the California markets and the rest of the Southwest.

The City of Kingman operates under a Council-Manager form of government, led by an elected seven-member Council. The Council consists of the Mayor, Vice Mayor, and five Councilors. The Mayor and Council are elected by a city-wide election. The Council appoints the City Manager, who is the Chief Administrative Officer of the City. The Council meets on the 1st and 3rd Tuesdays of each month. The City Council holds the authority to award contracts for formal purchases of $50,000 or greater. Detailed information on the City and its finances can be found in the City's Annual Comprehensive Financial Report on the City's website at www.cityofkingman.gov.