River Vale Board of Education Regular Meeting and Budget Hearing Agenda May 2026
Lease approved for new student transportation van
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Description
The Board authorized a master lease financing up to $84,870.93 to acquire a replacement student transportation van from H.A. DeHart Son, Inc. The transaction is structured under a Master Lease Agreement with Customers Commercial Finance, LLC.
Contract Details
Contract Amount
Not to exceed $84,870.93
Vendor
H.A. DEHART SON INC
Agency
River Vale Public School District, NJ
Contract Type
EQUIPMENT
Document Date
May 5, 2026
Contract Term
Master Lease Agreement dated April 30, 2026; equipment useful life at least 10 years
Renewal Info
Single equipment lease schedule under a master lease; future vehicle acquisitions may be added via additional schedules.
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