City of Medical Lake Agenda Packet 2026-05-19
City Continues Copier Lease with Leaf Capital Funding
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Description
Medical Lake maintains a 5-year copier lease with Leaf Capital Funding LLC at $167.49 per month, initiated in 2021 and running through 2026, with remaining payments of approximately $2,060 as of year-end 2025. The lease includes cancellation rights with significant penalties.
Contract Details
Contract Amount
$167.49 per month for 5-year lease (total approx. $10,049.40)
Vendor
LEAF CAPITAL FUNDING LLC
Agency
City of Medical Lake, WA
Contract Type
EQUIPMENT
Document Date
May 19, 2026
Contract Term
5-year equipment lease beginning in 2021; can be cancelled with 90 days’ notice before lease end; remaining payments of $2,060.06 as of Dec. 31, 2025
Renewal Date
2026-12-31
Renewal Info
Lease runs for 5 years from 2021 with option to cancel 90 days before lease end subject to severe penalties; no automatic renewal language is stated.
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