Town of Weston Board of Selectmen Meeting Agenda May 2026
Town approves Cogent Bank technology lease financing
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Description
The Weston Board of Selectmen authorized a four-year lease purchase agreement with Cogent Bank, as co-lessee with the Board of Education, to finance up to $391,000 in school technology equipment. The Board of Education will be responsible for all payment obligations under the lease.
Contract Details
Contract Amount
Principal amount not to exceed $391,000
Vendor
COGENT BANK
Agency
Town of Weston, CT
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Four years
Renewal Info
Single four-year lease purchase term; no renewals described in the resolution.
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