Mount Olive Township School District Agenda Regular Meeting 2026-05-11
HCESC to Advise on School Bus Lease Financing
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Description
The Board approved an agreement with the Hunterdon County Educational Services Commission to provide lease purchase bidding advisory services for approximately $698,000 in school bus financing. HCESC will develop bid specifications, analyze responses, and assist with closing for a fee equal to 0.5% of the transaction, subject to a $1,500–$9,500 range.
Contract Details
Contract Amount
½ of 1% of the financial transaction amount (approximately $698,000), not less than $1,500 or more than $9,500
Vendor
HUNTERDON COUNTY EDUCATIONAL SERVICES COMMISSION (HCESC)
Agency
Mount Olive Township School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Engagement is tied to a single lease-purchase financing for four school buses; additional financings would require separate agreements.
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