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RSU 06 board approves lease purchase of three school buses totaling $335,522.85
Summary
The RSU 06 school board voted unanimously to adopt a resolution authorizing a lease purchase for three new school buses with a principal amount of $335,522.85; the district expects to retire older buses and offer surplus vehicles to towns and vendors.
The RSU 06 School Board voted to adopt a resolution authorizing a lease purchase of three new school buses with a principal amount of $335,522.85.
The motion was moved by Vice Chair Director Heath and seconded by Director Sargent. Director Sargent told the board, "The state has approved us for three buses this year, and these are the three. They are lease purchases, so at the end, we own the buses for a dollar. And the interest rate is favorable over the period." The…
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