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EQUIPMENTAMENDED

Rockaway Borough Board of Education Regular Meeting Agenda April 2026

Board Pays Off Remaining Savin Copier Lease

Remaining lease payoff of $10,503.95; prior payment $1,542.10 per monthRockaway Borough School DistrictSAVINApril 7, 2026

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Description

The Board’s new copier program includes an early payoff of the remaining Savin copier lease, with UBS issuing $10,503.95 and accepting the trade-in value of the Savin machines. This action terminates the prior Savin lease in favor of the new Canon copier arrangement.

Contract Details

Contract Amount

Remaining lease payoff of $10,503.95; prior payment $1,542.10 per month

Vendor

SAVIN

Agency

Rockaway Borough School District, NJ

Contract Type

EQUIPMENT

Document Date

April 7, 2026

Contract Term

Remainder of prior 5-year lease, being paid off early

Renewal Info

Existing Savin five-year lease is being paid off and effectively terminated as part of transition to Canon copiers.

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