MSAD #1 Continues Multi-Year Bus Lease
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Description
MSAD #1 continues its multi-year bus lease with American First, budgeting $84,782 for FY 2026-27 as part of a four-year, $339,128 lease. The agreement supports the district’s student transportation fleet through June 30, 2031.
Contract Details
Contract Amount
$84,782 annually (FY 2026-27 portion of $339,128 total)
Vendor
AMERICAN FIRST
Agency
School Administrative District 01, ME
Contract Type
TRANSPORTATION
Document Date
May 3, 2026
Contract Term
Four annual payments of $84,782 through 6/30/31
Renewal Date
2031-06-30
Renewal Info
Existing multi-year bus lease with four remaining annual payments of $84,782, shown through FY 2029-30; final maturity noted as 6/30/31.
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