Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
Board Approves Three-Year Chromebook Lease with First American
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Description
The Rockaway Borough Board of Education approved a three-year lease purchase with First American Equipment Financing to acquire 400 HP Chromebooks and related products at a total financed amount of $245,856. The agreement includes three annual payments of $86,265.95 and transfers ownership of equipment at term end.
Contract Details
Contract Amount
$245,856.00 (plus $12,941.85 interest; 3 annual payments of $86,265.95)
Vendor
FIRST AMERICAN EQUIPMENT FINANCING
Agency
Rockaway Borough School District, NJ
Contract Type
TECHNOLOGY
Document Date
June 15, 2026
Contract Term
Three (3) years, effective prior to 2026-27 school year
Renewal Date
2029-06-30
Renewal Info
Three-year lease-purchase with board option to own equipment at end. Payments fixed over term; subject to board counsel and business administrator final review.
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Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
Rockaway Borough Board of Education Regular Meeting Agenda 2026-06-15
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