BID 66-2122 LEASE PURCHASE AGREEMENT – SCHOOL BUSES

Chesapeake Public Schools awarded a lease‑purchase financing agreement for school buses to Bank of America Public Capital Corp. under Bid #66‑2122. The agreement provides the school system with capital to acquire buses while paying an interest rate of 2.8208 % over the term of the lease. No specific quantities, delivery schedules, or total contract value are disclosed in the award notice. • Scope: financing (lease‑purchase) of school buses for Chesapeake Public Schools. • Vendor: Bank of America Public Capital Corp., Richmond, VA, providing the loan/lease structure. • Financial term: interest rate fixed at 2.8208 %; other payment details not specified. • Award date: July 12 2022; agency contact Kisha J. Allen, (757) 547‑0265.