Lumberton Township Board of Education Agenda 2026-06-11
District Approves Telecom Equipment Lease Purchase
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Description
The Board approved acquisition of telecommunications equipment from RFP Solutions Inc. through a municipal lease-purchase in the principal amount of $95,721.45, with five annual payments of $21,649.02 and a $1.00 buyout. The agreement finances updated telecommunication systems for district facilities.
Contract Details
Contract Amount
$95,721.45; five (5) annual lease payments of $21,649.02 with a $1.00 buyout
Vendor
RFP SOLUTIONS INC
Agency
Lumberton Township Board of Education, NJ
Contract Type
EQUIPMENT
Document Date
June 11, 2026
Contract Term
Five (5) annual lease payments
Renewal Info
Lease-purchase with five annual payments and $1.00 end-of-term buyout; no stated renewal options.
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