Prince George's County Public Schools Awards Financial Services Contract to Td Equipment Finance Inc (November 2023)
Prince George's County Public SchoolsSchool · Upper Marlboro, MD- Disclosed value
- Not to exceed $42,400,182.00 financed; total lease payments $46,077,171.90 over five years
- From meeting minutes
- Approved
- Nov 9, 2023
- Renews
- Free account
The 30-second brief
The Board approved a five-year, tax-exempt municipal lease/purchase financing agreement with TD Equipment Finance, Inc. at 4.340% interest to finance $42.4 million in buses, vehicles, textbooks, classroom equipment, and instructional technology, with total payments of about $46.1 million. Annual payments of $9.2 million are budgeted from FY 2024 through FY 2028.
Td Equipment Finance Inc holds this financial services contract with Prince George's County Public Schools. Its other public contracts on record include work for Town of North Branford and Town of Mount Pleasant.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $42,400,182.00 financed; total lease payments $46,077,171.90 over five years
- Document date
- November 9, 2023
- Term
- Five-year lease term, with annual payments FY 2024–FY 2028
- Renews
- On record
- Vendor
- Td Equipment Finance Inc
- Source document
- prince-george-s-county-public-schools-meeting-minutes-2023-11-09_0f5.txt (Meeting Minutes)
Td Equipment Finance Inc's other public contracts
More Prince George's County Public Schools contracts
Questions about this contract
Who was awarded the financial services contract by Prince George's County Public Schools?
Td Equipment Finance Inc was awarded this financial services contract by Prince George's County Public Schools, as recorded on November 9, 2023. The contract value is Not to exceed $42,400,182.00 financed; total lease payments $46,077,171.90 over five years.
How much is the Td Equipment Finance Inc contract with Prince George's County Public Schools worth?
The Td Equipment Finance Inc contract with Prince George's County Public Schools is valued at Not to exceed $42,400,182.00 financed; total lease payments $46,077,171.90 over five years, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in prince-george-s-county-public-schools-meeting-minutes-2023-11-09_0f5.txt (Meeting Minutes), dated November 9, 2023 from Prince George's County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Td Equipment Finance Inc hold?
Td Equipment Finance Inc 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 Prince George's County Public Schools currently buying?
Explore Prince George's County Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.