Pennridge SD Finance Committee Meeting Agenda May 2026
Lenovo Laptop Leasing Agreement for High School 1:1 Program
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Description
Pennridge School District reviewed a 48-month leasing agreement with Lenovo Financial Services for high school 1:1 laptops, with an annual lease payment of $218,004.82 based on a lease rate factor of 0.28083. The equipment financing agreement has been reviewed by the solicitor.
Contract Details
Contract Amount
Annual lease payment $218,004.82, lease rate factor .28083
Vendor
LENOVO FINANCIAL SERVICES
Agency
Pennridge SD, PA
Contract Type
EQUIPMENT
Document Date
May 5, 2026
Contract Term
48 months
Renewal Info
Four-year lease term; options at lease end (purchase, renew, or return) are not detailed in the agenda.
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