Weston Board of Education Agenda March 2026
Weston BOE Picks Cogent Bank for FY26 Tech Lease
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Description
The Weston Board of Education is recommended to award a four-year technology equipment lease to Cogent Bank for $390,586.40, with a total repayment of $410,966.56. Cogent Bank offered the lowest annual rate of all bidders and will provide financing for FY26 technology upgrades.
Contract Details
Contract Amount
$390,586.40 (lease amount), $410,966.56 (total payment)
Vendor
COGENT BANK
Agency
Weston School District, CT
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
4 Years
Renewal Date
2030-03-16
Renewal Info
Previous year (FY25) lease also with Cogent Bank; multi-year lease subject to Board of Selectman approval. Potential for future annual leases as part of ongoing replacement plan.
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