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Vian Board authorizes lease-purchase and vendor contract for stadium turf
Summary
The board approved a lease-purchase agreement with a local bank to finance artificial turf at the district football stadium and approved the district contract with RGroup, Inc., d/b/a United Turf and Track (Amendment 1). No dollar amount was listed in the posted agenda.
The Vian Board of Education voted May 12 to approve a Lease Purchase Agreement with a local bank to acquire artificial turf for the district football stadium, together with ancillary documents including assignment of the vendor contract to the bank and an escrow agreement. The board also approved a Standard Short Form Agreement between the district and RGroup, Inc., d/b/a United Turf and Track, including Amendment 1 to the contract; the agreement will be assigned to the local bank to facilitate the lease purchase.
Motions on these items were moved and seconded as recorded in the minutes; vote tallies show Cotner, Simon, Ford, Sanford and Thornton voting yes on the motions. The posted agenda and minutes do not list a purchase price or total project cost for the turf installation; that detail was marked not specified in the meeting record.
