Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
Second-year Apple laptop lease purchase approved
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Description
The Board approved the second year of a four-year, $179,984.00 lease purchase agreement with Apple Financial Services for staff laptops, with annual payments of $44,996.00 from August 2025 through August 2028.
Contract Details
Contract Amount
$44,996.00 per annum; total $179,984.00
Vendor
APPLE FINANCIAL SERVICES
Agency
Demarest School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
August 2025 – August 2028 (4-year payout; second year)
Renewal Date
2028-08-31
Renewal Info
Four-year lease purchase running August 2025–August 2028; no automatic renewal beyond term indicated.
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