south-fayette-township-sd-meeting-minutes-2024-12-02_f6d.pdf
Board Leases Classroom Technology Through Laurel Capital
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Description
The South Fayette Township School Board authorized a 60-month lease agreement with Laurel Capital Corporation to finance the acquisition of Clear Touch Panels. The agreement is for $349,052.50 at a 5.80% interest rate.
Contract Details
Contract Amount
$349,052.50 (principal), 60 months at 5.80% taxable interest rate
Vendor
LAUREL CAPITAL CORPORATION
Agency
South Fayette Township SD, PA
Contract Type
FINANCIAL_SERVICES
Document Date
December 2, 2024
Contract Term
60 months
Renewal Date
2029-12-02
Renewal Info
60-month term lease for equipment financing with fixed interest rate as outlined in term sheet.
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