round_lake_area_school_district_finance_committee.pdf
Five-Year Copier Lease Planned with De Lage Landen
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Description
The district is proposing a five-year lease agreement with De Lage Landen Public Finance LLC to finance a full refresh of its copier fleet, with lease payments funded from Debt Service Fund interest earnings. Ownership of the copiers will transfer to the district at the end of the lease term.
Contract Details
Vendor
DE LAGE LANDEN PUBLIC FINANCE LLC
Agency
Round Lake CUSD 116, IL
Contract Type
EQUIPMENT
Document Date
December 15, 2025
Contract Term
Proposed five-year copier lease agreement beginning prior to January 31, 2026; ownership transfers to district upon satisfaction of the lease
Renewal Date
2031-01-31
Renewal Info
Initial five-year lease with transfer of ownership upon completion; no renewal options described.
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