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Board approves copier lease motions and $6.16M phase‑4 lease resolution

Timberlane Regional School District · February 20, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Administrators recommended a five‑year copier lease (Ricoh) with MST Government Leasing LLC and presented projected savings; the board approved a tax‑exempt lease not to exceed $302,973.76 at 5.19% and authorized a $6,161,343 phase‑4 lease resolution for energy and building improvements.

The board reviewed and approved several financing motions related to equipment and capital improvements.

Administration recommended a five‑year copier lease using Omnia government contract pricing with Ricoh for 42 copiers and included service and supplies in the proposal. The presenter said the proposed lease would reduce the district’s annual costs compared with the previous agreement and estimated savings of $56,686.57 per year and…

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