EQUIPMENTAWARDED

Frankford Township Consolidated School District Awards Equipment Contract to Municipal Capital Finance (August 2026)

The Board awarded a five-year lease-purchase financing agreement to Municipal Capital Finance for $307,768 in faculty laptops and network server equipment. The deal carries a 5.50% interest rate, semi-annual payments of $35,466.88, and a $1 purchase option at term end.

Status
AWARDED
Document date
August 24, 2026
Contract type
EQUIPMENT
Vendor
Municipal Capital Finance
Agency
Frankford Township Consolidated School District · NJ

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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

Scope & details

The full contract record, as filed.

Contract amount
Equipment Cost: $307,768.00; Semi-Annual Payment: $35,466.88 at 5.50% interest for 5 years; Purchase Option: $1.00
Contract type
EQUIPMENT
Contract term
Five (5) years
Renewal date
2031-08-24
Renewal
Five-year lease-purchase agreement; may conclude with $1 purchase option and does not auto-renew. Continuation of similar financing would require a new procurement.
Document type
Agenda
Source document
Frankford Township Board of Education Meeting Agenda 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by Frankford Township Consolidated School District?

Municipal Capital Finance was awarded this equipment contract by Frankford Township Consolidated School District, as recorded on August 24, 2026. The contract value is Equipment Cost: $307,768.00; Semi-Annual Payment: $35,466.88 at 5.50% interest for 5 years; Purchase Option: $1.00.

How much is the Municipal Capital Finance contract with Frankford Township Consolidated School District worth?

The Municipal Capital Finance contract with Frankford Township Consolidated School District is valued at Equipment Cost: $307,768.00; Semi-Annual Payment: $35,466.88 at 5.50% interest for 5 years; Purchase Option: $1.00, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Frankford Township Board of Education Meeting Agenda 2026-08-24 (Agenda), dated August 24, 2026 from Frankford Township Consolidated School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Capital Finance hold?

Municipal Capital Finance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Municipal Capital Finance's profile

What is Frankford Township Consolidated School District currently buying?

Explore Frankford Township Consolidated School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Frankford Township Consolidated School District's profile

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