McLean County Unit School District No. 5 Finance Committee Minutes 2026-05-15
District Awards Chromebook Lease to American Capital
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Description
The District has approved American Capital for the Chromebook lease program, selecting them for their competitive rate and lower annual payments compared to competitor quotes. The lease, which covers 1:1 device refreshes and elementary touch Chromebooks, will commence with the first payment after July 1 at a 3.689% interest rate.
Contract Details
Vendor
AMERICAN CAPITAL
Agency
McLean County USD 5, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 15, 2026
Contract Term
First payment scheduled after July 1, interest rate of 3.689%
Renewal Info
Not specified; standard lease initiation with no mention of auto-renewal or extensions.
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