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Board to consider lease-purchase agreement with AllAmerican Bank for east campus
Summary
Agenda lists discussion and a vote on a lease-purchase agreement with AllAmerican Bank to finance the east campus for SY2025–26; the posted agenda does not include the contract text or financing terms.
The agenda included an item to 'discuss and vote to approve or not approve lease purchase agreement with AllAmerican bank for the east campus for SY26.' The posted excerpt identifies the counterparty (AllAmerican Bank) and the intended purpose (east campus financing for the 2025–26 school year) but does not include agreement terms such as principal, interest rates or repayment schedule.
Because the contract terms are not in the posted agenda excerpt, the public-facing materials attached to the meeting packet would be necessary to evaluate fiscal impact and financing structure. The agenda text signals board consideration of a financing transaction for facilities at the east campus.
