stevens_point_area_public_school_district_board_me.pdf
Bus Fleet Lease Purchase Recommended with Mid-State Truck Service
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Description
The district plans to purchase eleven 72-passenger school buses and one 7-passenger Chrysler Pacifica van from Mid-State Truck Service for $1,138,357.50 under a six-year lease purchase with annual payments of about $220,470. Mid-State Truck Service is recommended as the only bidder meeting all specifications, with delivery of buses anticipated in July or August 2024.
Contract Details
Contract Amount
$1,138,357.50
Vendor
MID-STATE TRUCK SERVICE
Agency
Stevens Point Area School District, WI
Contract Type
TRANSPORTATION
Document Date
November 10, 2025
Contract Term
Six-year lease purchase, annual payments about $220,470; buses expected delivery July or August 2024
Renewal Info
Lease-purchase agreement runs for six years, after which the district owns the vehicles and can use them as trade-ins on future purchases; interest rate expected around 6.03% but may adjust before final contract signing.
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