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Board considers three‑year lease‑purchase for 400 HP Chromebooks totaling $245,856
Summary
Agenda proposes a three-year lease-purchase with First American Equipment Financing for 400 HP Chromebooks at a financed total of $245,856.00 (interest $12,941.85 at 3.971%) with three annual payments of $86,265.95; devices to arrive before the 2026–27 school year.
The June 15 agenda includes a proposed three-year lease-purchase agreement to acquire 400 HP Chromebooks and related support services through First American Equipment Financing. The document lists the total acquisition cost at $245,856.00 (sales tax exempt) and records interest of $12,941.85 based on a financing rate of 3.971%; the financing schedule calls for three annual payments of $86,265.95.
The agenda states the Chromebooks would be received prior to the 2026–27 school year and ownership transfers to the Board at the conclusion of the lease term, subject to final review and approval of lease documents by Board Counsel and the Interim School Business Administrator/Board Secretary.
