mesa_county_valley_school_district_51_board_of_edu.pdf
Board Approves Equipment Lease with TD Equipment Finance
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Description
The School District entered into a lease purchase agreement with TD Equipment Finance to finance energy and capital facility improvements. Up to $13.5 million will be financed, repayable by June 30, 2046, subject to non-appropriation clauses.
Contract Details
Contract Amount
Not to exceed $13,500,000; maximum annual repayment $550,000; maximum total repayment $21,000,000
Vendor
TD EQUIPMENT FINANCE
Agency
Mesa County Valley School District 51, CO
Contract Type
FINANCIAL_SERVICES
Document Date
December 16, 2025
Contract Term
Lease term not to extend beyond June 30, 2046
Renewal Date
2046-06-30
Renewal Info
Lease is renewable annually at the district's discretion; prepayment option available.
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