Sayreville Board of Education Agenda Addendum 2026-06-16
Zero-Interest Tech Lease Financing Awarded to Cisco Capital
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Description
The Sayreville Board of Education awarded a five-year, zero-interest lease purchase financing contract to Cisco Capital/De Lage Landen Financial Services, Inc. for up to $1,075,681.72 in technology equipment, storage, and licenses. Financing proceeds will be disbursed directly to the Board at closing.
Contract Details
Contract Amount
Principal amount up to $1,075,681.72 at 0.00% interest
Vendor
CISCO CAPITAL/ DE LAGE LANDEN FINANCIAL SERVICES INC
Agency
Sayreville School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Five-year period
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