Council to consider SHI Chromebook financing lease
City of MethuenCity · Methuen, MA- Disclosed value
- $122,281.78 annually at 5.72% interest – lease term of 48 months
- From agenda
- Document date
- Jun 25, 2025
- Term
- 48-month lease term
The 30-second brief
The Methuen City Council agenda proposes a 48‑month financing agreement with SHI Capital for 1,090 Education Edition Chromebooks and licenses at $122,281.78 per year with 5.72% interest, funded by the MPS Hardware Lease Account. This technology lease is listed as item C-25-96 for council consideration.
Shi Capital holds this technology contract with City of Methuen. Its other public contracts on record include work for City of Lubbock Vector Control.
Term as filed: 48-month lease term.
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Contract details
- Contract type
- Technology
- Amount
- $122,281.78 annually at 5.72% interest – lease term of 48 months
- Document date
- June 25, 2025
- Term
- 48-month lease term
- Vendor
- Shi Capital
- Agency
- City of Methuen
- Source document
- city-of-methuen-special-meeting-agenda-school-estate-facility-contracts-jun-25-2025_5b1.md (Agenda)
Shi Capital's other public contracts
More City of Methuen contracts
Questions about this contract
Who was awarded the technology contract by City of Methuen?
Shi Capital was awarded this technology contract by City of Methuen, as recorded on June 25, 2025. The contract value is $122,281.78 annually at 5.72% interest – lease term of 48 months.
How much is the Shi Capital contract with City of Methuen worth?
The Shi Capital contract with City of Methuen is valued at $122,281.78 annually at 5.72% interest – lease term of 48 months, covering technology work.
What type of contract is this?
This is a Technology contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-methuen-special-meeting-agenda-school-estate-facility-contracts-jun-25-2025_5b1.md (Agenda), dated June 25, 2025 from City of Methuen. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Shi Capital hold?
Shi Capital 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 City of Methuen currently buying?
Explore City of Methuen's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.