FINANCIAL_SERVICESAPPROVED

East Ramapo Central School District Board of Education Meeting Agenda March 2026

Capital One Bank Designated as Energy Lease Assignee

Not to exceed $12,100,129 (assigned Equipment Lease)EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY)CAPITAL ONE BANKMarch 24, 2026

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Description

The Board of Education authorized the assignment of the district's energy performance Equipment Lease to Capital One Bank, which will act as lease servicer for up to $12,100,129 in financing. Capital One Bank was also designated as a depository of district funds related to the lease.

Contract Details

Contract Amount

Not to exceed $12,100,129 (assigned Equipment Lease)

Vendor

CAPITAL ONE BANK

Agency

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY), NY

Contract Type

FINANCIAL_SERVICES

Document Date

March 24, 2026

Renewal Info

The Equipment Lease obligations are subject to annual appropriation or renewal by the Board as outlined in the lease; specific renewal dates will be established in the executed documents.

Related Contracts

East Ramapo Central School District Board of Education Meeting Agenda March 2026

APPROVED

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY) (New York)Up to $12,100,129 in lease principal servicedMarch 24, 2026

Cucamonga School District 2025-2026 Second Interim Report

ONGOING

Cucamonga Elementary (California)$904,000 principal balance (annual payments from developer fees)March 12, 2026

Issuing Agency

EAST RAMAPO CENTRAL SCHOOL DISTRICT (SPRING VALLEY)

School

Spring Valley, NY

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Vendor