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RSU 23 board approves $124,990.79 lease to refinance school copiers
Summary
At its Sept. 21 meeting the RSU 23 School Board unanimously approved a tax-exempt lease with MST Government Leasing, LLC to refinance and fund photocopy equipment leases in an amount not to exceed $124,990.79 at 5.25% interest through Aug. 1, 2028, and authorized the superintendent to sign the agreement.
RSU 23’s school board voted unanimously Sept. 21 to approve a tax-exempt lease to refinance and fund photocopy equipment in an amount not to exceed $124,990.79, at an interest rate of 5.25% through Aug. 1, 2028. The motion was made by Craig Evans and seconded by Donna Moutsatsos; the board then authorized Superintendent John Suttie to execute the lease on the terms discussed.
The lease followed review of bids by the Finance Committee earlier the same day. Finance Committee member David Boudreau told the board that committee members had gone through the bids to ensure coverage of needs and that the payment structure will be lower; he also noted the contract was awarded to a local vendor.
Board members did not record additional conditions or amendments to the lease in the minutes. The board’s action authorizes the district to proceed with the five-year financing arrangement and empowers the superintendent to finalize and sign the paperwork.
Next steps: Superintendent Suttie is authorized to execute and deliver the lease agreement. Details about payment schedule and implementation timing were not specified in the meeting minutes.
