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TECHNOLOGYAPPROVED

Lincolnshire-Prairie View School District 103 Board of Education Agenda February 2026

District Approves Apple iPad Master Lease Agreement

$116,640.00Lincolnshire-Prairieview SD 103APPLE INC.February 24, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Lincolnshire-Prairieview School District 103 is entering into a Master Lease Purchase Agreement with Apple Inc. to finance Apple iPads and related computer hardware totaling $116,640.00, payable over four annual installments beginning July 10, 2026. The lease supports student and staff access to instructional technology for the 2026-2027 school year and beyond.

Contract Details

Contract Amount

$116,640.00

Vendor

APPLE INC.

Agency

Lincolnshire-Prairieview SD 103, IL

Contract Type

TECHNOLOGY

Document Date

February 24, 2026

Contract Term

April 10, 2026 – July 10, 2029 (4 annual payments)

Renewal Date

2029-07-10

Renewal Info

Purchase option allows the District to acquire title to all leased equipment upon payment of all lease payments or by prepaying according to the purchase price schedule; lease is non-cancelable except for non-appropriation of funds.

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