Board of Trustees Staff Report Verkada Safety and Security Lease 2026-06-10
Lease Financing for Security Systems Amended With Insight
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Description
The Board approved an amendment to the five-year lease with Insight Financial Services for funding Verkada security systems provided by Tessera, raising the total value to $1,428,041.70.
Contract Details
Contract Amount
$1,428,041.70 over 60 months (annual payment $285,277.88)
Vendor
INSIGHT FINANCIAL SERVICES
Agency
Red Oak Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
60 months
Renewal Date
2031-04-09
Renewal Info
Lease-to-own financing amended to cover additional $90,000 in equipment and installation; term remains 60 months.
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