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Board approves action agenda items including lease financing for seven buses; several abstentions recorded
Summary
The Montgomery Township Board of Education approved a slate of action agenda items (1.2 through 4.2), including a walk-up finance item awarding lease-purchase financing for seven school buses to Cogent Leasing and Finance Inc.; the board recorded multiple abstentions on specific items during roll call.
The Montgomery Township Board of Education moved and approved action agenda items 1.2 through 4.2 during the Oct. 14 business meeting, including a walk-up finance item awarding lease-purchase financing for seven new school buses.
A walk-up item (finance item 3.2) read into the record stated: "Resolved that the board awards the lease purchase financing bid held on 10/09/2025 to pay for 7 new school buses to Cogent Leasing and Finance Incorporated at an interest rate of 3.48%, subject to successful review of the lease purchase documentation by the board's council prior to execution." The item was included in the motion to approve the slate of agenda items and carried on roll call.
During roll call, several members recorded abstentions on specific items. The transcript records that one item (1.2) and the range 4.0 through 4.2 drew abstentions from at least one board member and that Board Member Harris announced abstentions on 1.2 and 4.0 through 4.2 while voting yes on other items. The board president called the roll and declared the motions carried after the votes.
No additional details about lease-purchase documentation or precise vote tallies by every member were provided on the record; administration said legal review of lease documents will occur before execution.
Actions recorded at the meeting are summarized below.
