This contract is for Municipal Lease Financing for School Buses. The contract involves the leasing of school buses and security equipment for a period of 5 or 10 years. The contract was awarded to multiple vendors, including First National Bank, First American, and U.S.Bancorp Government. The total cost of the contract is estimated to be around $5 million. The contract includes a 5-year lease for buses, a 10-year lease for buses, and a 5-year lease for security equipment. The interest rates for the leases range from 2.778% to 3.90%. The contract also includes one-time charges and grand total costs for the 10-year bus and 5-year security lease.
• The contract is for Municipal Lease Financing for School Buses.
• The contract involves the leasing of school buses and security equipment.
• The contract was awarded to multiple vendors.
• The total cost of the contract is estimated to be around $5 million.
• The contract includes a 5-year lease for buses, a 10-year lease for buses, and a 5-year lease for security equipment.
• The interest rates for the leases range from 2.778% to 3.90%.