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Orange County School Board approves recommendation to finance eight buses; staff cites special-needs capacity and underwriting step next
Summary
The board approved a recommendation to purchase eight Thomas Built school buses using three‑year lease-purchase financing. Staff reported a total purchase price of $1,133,000 and an estimated annual lease payment of $467,904.71; a 4.37% financing bid was presented from Cruz and Associates.
The Orange County School Board on June 2 approved a staff recommendation to acquire eight Thomas Built school buses using a three-year municipal lease-purchase financing, and directed staff to begin underwriting.
Justin Sarver (Transportation) summarized the district’s transition from purchasing buses from operating funds to using the county’s capital improvement program and lease-purchase financing to stabilize replacement…
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