Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
Board Awards $1M Lease to Customers Commercial Finance
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Description
The Board awarded a four-year, $1,000,000 lease to Customers Commercial Finance, LLC at 4.205% interest to finance various technology, buses, vehicles, and equipment. The lease-purchase arrangement will support multiple capital needs across the district.
Contract Details
Contract Amount
$1,000,000
Vendor
CUSTOMERS COMMERCIAL FINANCE LLC
Agency
Jefferson Township Public School District, NJ
Contract Type
EQUIPMENT
Document Date
June 15, 2026
Contract Term
Four-year lease
Renewal Info
Four-year fixed-term lease; any extensions or new leases would require separate Board approval.
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Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
Jefferson Township Board of Education Regular Meeting Agenda 2026-06-15
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