Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Transportation topic
No spam. Unsubscribe anytime.
Board approves purchase and Santander lease financing for two school buses
Summary
Trustees authorized the purchase of two pre‑owned Thomas 83‑passenger buses and approved lease financing with Santander Bank after administrators reported lower quotes and discussed mileage, model year and inspection status.
Administration presented a proposal to purchase two pre‑owned Thomas buses (2024 model year, each with roughly 11,000 miles) and to secure lease financing. Administrators said the buses are 83‑passenger models, described the district’s maintenance considerations, and explained the purchase fits a budgeted allotment of roughly $64,000 for the acquisition line when amortized over the planned financing.
The business office reported leasing quotes from Daimler Financial (about 5.44 percent interest) and Santander Bank (a lower quote, approximately 4.09 percent), and said Santander’s terms were selected for the lease financing motion.
Board member moved to approve the purchase (motion and second recorded) and then approved the bus lease financing with Santander Bank (Jeff moved; Dave seconded). Both motions carried by voice vote. Administration said the district had prepaid portions of existing bus leases earlier to ease future budget impacts.
No further conditions or roll calls were recorded in the minutes for these votes.
