District Approves Apple iPad Master Lease Agreement
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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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