FINANCIAL_SERVICESPENDING

District Weighs Lease Financing with First American

Springfield Public Schools is evaluating two tax-exempt lease/purchase options with First American Equipment Finance to fund $3.7 million in structural repairs. The Board will choose between 5-year and 10-year repayment terms beginning in the 2027–2028 budget year.

Status
PENDING
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First American Equipment Finance
Agency
Springfield School District 19 · OR

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $3,700,000 (financing amount under consideration)
Contract type
FINANCIAL_SERVICES
Contract term
Option 1: 5-year schedule; Option 3: 10-year schedule; both tax-exempt lease/purchase
Renewal
Proposals include a 5-year and a 10-year repayment schedule; future refinancing or renewal is not described.
Document type
AgendaPacket
Source document
Springfield Public Schools AgendaPacket Organizational Meeting 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Springfield School District 19?

First American Equipment Finance was awarded this financial services contract by Springfield School District 19, as recorded on July 6, 2026. The contract value is Up to $3,700,000 (financing amount under consideration).

How much is the First American Equipment Finance contract with Springfield School District 19 worth?

The First American Equipment Finance contract with Springfield School District 19 is valued at Up to $3,700,000 (financing amount under consideration), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Springfield Public Schools AgendaPacket Organizational Meeting 2026-07-06 (AgendaPacket), dated July 6, 2026 from Springfield School District 19. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First American Equipment Finance hold?

First American Equipment Finance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First American Equipment Finance's profile

What is Springfield School District 19 currently buying?

Explore Springfield School District 19's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Springfield School District 19's profile

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