Lease Financing for Equipment at Cannon Mountain Aerial Tramway and Ski Area 4-Year Term with Option for Additional Equipment Schedules

The Department, acting by and through the Commissioner, seeks to lease on a 4-year annual payment schedule, a certain piece of equipment. This financing has been requested by the Commissioner to provide for the equipment needs of Cannon Mountain Aerial Tramway and Ski Area (Cannon Mountain) at Franconia Notch State Park located in Franconia, New Hampshire. However, options to seek leasing within the department for other pieces of equipment of similar pricing and recreational stewardship use may also be considered in the future. Pursuant to New Hampshire Statutes Section 6:35 and Section 21-I:81 (Attachment 1), the Department is seeking proposals from qualified firms (see Section VIII, B) to provide lease financing for a certain piece of equipment. This proposal includes the option by the department at its discretion, to seek yearly lease financing with the selected lessor for any additional subsequent equipment lease schedules for the next 4 years following the approval of the first-year lease financing agreement with lessor, subject to approval by the Governor and Executive Council.