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MSAD #1 Budget Proposal Board of Directors July 2026

Additional Bus Lease with American First Budgeted

$86,147 annually (FY 2025-26 portion of $344,588 total)School Administrative District 01AMERICAN FIRSTMay 3, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

MSAD #1’s budget reflects an additional bus lease with American First, with four annual payments of $86,147 totaling $344,588. This agreement provides continued financing of student transportation vehicles.

Contract Details

Contract Amount

$86,147 annually (FY 2025-26 portion of $344,588 total)

Vendor

AMERICAN FIRST

Agency

School Administrative District 01, ME

Contract Type

TRANSPORTATION

Document Date

May 3, 2026

Contract Term

Four annual payments of $86,147 (schedule ending prior to 6/30/30)

Renewal Info

Separate bus lease schedule from the $84,782 lease, with four equal payments of $86,147; end date implied after final annual payment, likely before June 30, 2030.

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