board_of_education_agenda_may_2025_lease_agreement.pdf
Stucker Lease renewal with First Security State Bank
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Description
The Board is considering renewal of the Stucker Lease with First Security State Bank totaling $4,832,668.8, with a FY26 payment of $604,083.60 as the seventh of eight installments. Payments are supported by Pott County Sales Tax revenues.
Contract Details
Contract Amount
$4,832,668.8 (principal); FY26 payment $604,083.60
Vendor
FIRST SECURITY STATE BANK
Agency
Shawnee Public Schools, OK
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2025
Contract Term
8 payments total; payment 7 of 8 due in FY26 (agreement date 08/29/2018)
Renewal Info
Eight-payment lease purchase known as the Stucker Lease, requiring annual board re-approval; FY26 is payment 7 of 8.
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