Minooka Community High School Board Meeting Agenda April 2026
Board Approves $2.39M Bus Purchase from Central States
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Description
The Board approved purchasing 16 school buses from Central States for $2,394,190, financed through a five-year lease with annual payments of $363,936. The agreement includes a guaranteed buy-back and supports the district’s student transportation needs.
Contract Details
Contract Amount
$2,394,190
Vendor
CENTRAL STATES
Agency
Minooka CHSD 111, IL
Contract Type
TRANSPORTATION
Document Date
April 15, 2026
Contract Term
Five-year lease; $363,936 annually
Renewal Info
Financed through a five-year lease arrangement with American Capital; includes a guaranteed buy-back at lease conclusion.
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