Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
TD Bank gym addition lease purchase year three approved
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Description
The Board approved the third year of a lease purchase finance agreement with TD Bank totaling $672,080.00 to fund the Demarest Middle School gymnasium addition over a five-year payout period.
Contract Details
Contract Amount
$672,080.00
Vendor
TD BANK
Agency
Demarest School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Five-year payout (third year of lease purchase)
Renewal Info
Five-year lease purchase; this action confirms year three payments under the existing schedule.
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Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
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