Chromebook Leasing Proposal from First American Equipment Finance
Lee's Summit R-VII School DistrictSchool · Lee's Summit, MO- Disclosed value
- Equipment cost $3,499,119.80; Option 1 annual payment $1,154,709.53 (includes estimated personal property tax of $145,000); Option 2 annual payment $1,166,373.27; Option 2 fixed buyout balloon payment 6.5% ($227,442.79)
- From proposal
- Document date
- Dec 9, 2022
The 30-second brief
Lee's Summit R-7 Schools received a lease proposal from First American Equipment Finance to finance $3,499,119.80 in Chromebooks and related software over a 36‑month term. The proposal offers both a fair market value lease and a fixed buyout option with annual payments exceeding $1.15 million, subject to final budget and solicitor approval.
First American Equipment Finance holds this equipment contract with Lee's Summit R-VII School District. Its other public contracts on record include work for Prince George's County Public Schools and Town of Clover.
Term as filed: 36 months lease term (Option 1 FMV lease; Option 2 fixed buyout lease).
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Contract details
- Contract type
- Equipment
- Amount
- Equipment cost $3,499,119.80; Option 1 annual payment $1,154,709.53 (includes estimated personal property tax of $145,000); Option 2 annual payment $1,166,373.27; Option 2 fixed buyout balloon payment 6.5% ($227,442.79)
- Document date
- December 9, 2022
- Term
- 36 months lease term (Option 1 FMV lease; Option 2 fixed buyout lease)
- Source document
- lee-s-summit-r-vii-school-district-proposal-2022-12-09_b46.pdf (Proposal)
First American Equipment Finance's other public contracts
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Questions about this contract
Who was awarded the equipment contract by Lee's Summit R-VII School District?
First American Equipment Finance was awarded this equipment contract by Lee's Summit R-VII School District, as recorded on December 9, 2022. The contract value is Equipment cost $3,499,119.80; Option 1 annual payment $1,154,709.53 (includes estimated personal property tax of $145,000); Option 2 annual payment $1,166,373.27; Option 2 fixed buyout balloon payment 6.5% ($227,442.79).
How much is the First American Equipment Finance contract with Lee's Summit R-VII School District worth?
The First American Equipment Finance contract with Lee's Summit R-VII School District is valued at Equipment cost $3,499,119.80; Option 1 annual payment $1,154,709.53 (includes estimated personal property tax of $145,000); Option 2 annual payment $1,166,373.27; Option 2 fixed buyout balloon payment 6.5% ($227,442.79), covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a proposal record.
Where was this contract approved?
This contract appears in lee-s-summit-r-vii-school-district-proposal-2022-12-09_b46.pdf (Proposal), dated December 9, 2022 from Lee's Summit R-VII School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First American Equipment Finance hold?
First American Equipment 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.
What is Lee's Summit R-VII School District currently buying?
Explore Lee's Summit R-VII School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.