Kingsway Regional School District Minutes Work Meeting of the Board of Education 2026-03-19
Lease Financing Awarded to Cogent for Turf Lighting
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Description
The Kingsway Regional School District awarded the lease purchase financing contract for new turf field lighting to Cogent Leasing and Financing, Inc. for $400,000 at a 3.87% interest rate over five years. Annual payments will be made through 2030.
Contract Details
Contract Amount
$400,000.00
Vendor
COGENT LEASING AND FINANCING INC
Agency
Kingsway Regional School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
March 19, 2026
Contract Term
5 years, payments from 7/1/2026 to 7/1/2030
Renewal Date
2030-07-01
Renewal Info
No renewal terms specified; fixed 5-year term ending 7/1/2030.
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