Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
Fourth-year Chromebook lease payment approved
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Description
The Board authorized the fourth-year payment of $73,153.38 under a four-year, $292,613.52 lease with American Capital, financed through US Bancorp, for student Chromebooks.
Contract Details
Contract Amount
Total $292,613.52 over four years; $73,153.38 annual payment (fourth-year payment)
Vendor
AMERICAN CAPITAL
Agency
Demarest School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Four-year buyout; this motion covers year four
Renewal Info
This is the final year of a four-year buyout; lease will conclude after year four unless renewed or extended under a new agreement.
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Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
Demarest Board of Education COW and Regular Meeting Agenda 2026-06-16
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