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Board approves buying new and used buses as district takes ownership of fleet from contractor
Summary
The board approved purchase and transfer proposals that move ownership of school buses from Peterman to the district, reimbursing the contractor for seven new buses and accepting 69 used buses at an agreed liquidation value after an independent appraisal.
The Willoughby Eastlake board approved two related items July 14: reimbursement for seven new buses the contractor Peterman ordered and the purchase of a used bus fleet that Peterman formerly operated.
Treasurer Mr. Turnello described the transaction. He said Peterman purchased seven new buses (three with wheelchair lifts) that arrived recently and that the district would reimburse Peterman for those vehicles so the district becomes the owner of the…
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