Lumberton Township Board of Education Agenda 2026-06-11
Board Authorizes Telecom Lease Financing Agreement
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Description
The Board approved a municipal lease-purchase agreement with Municipal Capital Finance to fund $95,721.45 in telecommunications equipment, payable over five annual installments of $21,649.02 with a $1.00 buyout. This financing supports upgrade of district communications systems.
Contract Details
Contract Amount
$95,721.45; five (5) annual lease payments of $21,649.02 with a $1.00 buyout
Vendor
MUNICIPAL CAPITAL FINANCE
Agency
Lumberton Township Board of Education, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Contract Term
Five (5) annual lease payments
Renewal Info
Lease-purchase financing for five years; no renewal terms specified.
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Lumberton Township Board of Education Agenda 2026-06-11
Lumberton Township Board of Education Agenda 2026-06-11
Lumberton Township Board of Education Agenda 2026-06-11
Lumberton Township Board of Education Agenda 2026-06-11
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