Aspire Weighs $3M Technology Lease Proposal
Aspire APEX Academy DistrictSchool · Oakland, CA- Disclosed value
- $3,000,000.00; Monthly Payment $62,655.00; one percent ($30,000) good faith deposit; Fixed Buyout = 12.45% of original equipment cost
- From proposal
- Document date
- Dec 22, 2025
The 30-second brief
Aspire Public Schools is considering a 48‑month equipment lease with First American Equipment Finance for $3,000,000 of technology and other equipment, with monthly payments of $62,655 and a 12.45% fixed buyout option. The proposal, contingent on Aspire board approval and final credit documentation, includes a $30,000 good faith deposit and an option to renew for six months at the same rental rate.
First American Equipment Finance holds this equipment contract with Aspire APEX Academy District. Its other public contracts on record include work for Prince George's County Public Schools and Town of Clover.
Term as filed: 48 Months, with option to renew for 6 months at same rental rate.
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Contract details
- Contract type
- Equipment
- Amount
- $3,000,000.00; Monthly Payment $62,655.00; one percent ($30,000) good faith deposit; Fixed Buyout = 12.45% of original equipment cost
- Document date
- December 22, 2025
- Term
- 48 Months, with option to renew for 6 months at same rental rate
- Source document
- Aspire Public Schools Proposal Equipment Lease 2025-12-22 (Proposal)
First American Equipment Finance's other public contracts
More Aspire APEX Academy District contracts
Questions about this contract
Who was awarded the equipment contract by Aspire APEX Academy District?
First American Equipment Finance was awarded this equipment contract by Aspire APEX Academy District, as recorded on December 22, 2025. The contract value is $3,000,000.00; Monthly Payment $62,655.00; one percent ($30,000) good faith deposit; Fixed Buyout = 12.45% of original equipment cost.
How much is the First American Equipment Finance contract with Aspire APEX Academy District worth?
The First American Equipment Finance contract with Aspire APEX Academy District is valued at $3,000,000.00; Monthly Payment $62,655.00; one percent ($30,000) good faith deposit; Fixed Buyout = 12.45% of original equipment cost, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a proposal record.
Where was this contract approved?
This contract appears in Aspire Public Schools Proposal Equipment Lease 2025-12-22 (Proposal), dated December 22, 2025 from Aspire APEX Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is Aspire APEX Academy District currently buying?
Explore Aspire APEX Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.