FINANCIAL_SERVICESAPPROVED

East Ramapo Central School District Board of Education Meeting Agenda March 2026

Capital One Bank Designated as Lease Servicer and Depository

Up to $12,100,129 in lease principal servicedEAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY)CAPITAL ONE BANKMarch 24, 2026

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Description

East Ramapo Central School District consented to assignment of its energy performance equipment lease to Capital One Bank, which will act as lease servicer and depository for related funds. The bank will service up to $12,100,129 in financed principal under the lease.

Contract Details

Contract Amount

Up to $12,100,129 in lease principal serviced

Vendor

CAPITAL ONE BANK

Agency

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY), NY

Contract Type

FINANCIAL_SERVICES

Document Date

March 24, 2026

Renewal Info

Relationship as lease servicer and depository is tied to the term of the Equipment Lease; no separate renewal terms provided.

Related Contracts

East Ramapo Central School District Board of Education Meeting Agenda March 2026

APPROVED

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY) (New York)Not to exceed $12,100,129 (assigned Equipment Lease)March 24, 2026

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ONGOING

Cucamonga Elementary (California)$904,000 principal balance (annual payments from developer fees)March 12, 2026

Issuing Agency

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY)

School

Spring Valley, NY

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Vendor