First American Equipment Finance Lease Proposal Downers Grove Grade School District 58 April 2026

Contract Amount

$158,394.50; $55,387.39 annually for 36 months (July delivery option); $55,634.48 annually for 36 months (April delivery option)

Vendor

FIRST AMERICAN EQUIPMENT FINANCE

Agency

Downers Grove GSD 58, IL

Contract Type

EQUIPMENT

Document Date

April 9, 2026

Contract Term

36 months, with rental payments beginning July 1, 2026 and due annually thereafter (for either July 2026 or April 2026 delivery)

Renewal Info

Tax-exempt lease purchase structure in which the district owns the equipment at the end of the 36‑month term; no automatic renewal terms are described. Proposal is contingent on board budget and solicitor approval and expires April 15, 2026.