EQUIPMENTAPPROVED

Pekin Community High School District No. 303 Rental Agreement May 2026

District Leases 75 HP EliteBook Laptops

Pekin CSD 303AMERICAN CAPITAL FINANCIAL SERVICES INCApril 2, 2026

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Description

Pekin Community High School District No. 303 entered into a rental agreement with American Capital Financial Services, Inc. for seventy five HP EliteBook laptops, with payments set out in Exhibit B. The term runs from the commencement date through the end of the district’s budget year with renewal and purchase options at fair market value.

Contract Details

Vendor

AMERICAN CAPITAL FINANCIAL SERVICES INC

Agency

Pekin CSD 303, IL

Contract Type

EQUIPMENT

Document Date

April 2, 2026

Contract Term

Original Term from Commencement Date through end of Renter's Budget Year, with month‑to‑month renewal option thereafter

Renewal Info

Agreement establishes an Original Term from the Commencement Date through the end of the Renter’s Budget Year, with Renewal Terms available, including a month‑to‑month renewal at the normal payment amount. At the end of the Rental Term the Renter may purchase at fair market value, renew, or return the equipment with no further obligation.

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