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Meeting Date:
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10/5/2021 - 6:30 PM
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Category:
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ADMINISTRATIVE SERVICES
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Type:
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Action
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Subject:
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5.2 Payoff Bank of America Capital Lease with Trane
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Strategic Plans:
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Attachments
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File Attachment:
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Summary:
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We are requesting a motion to approve the early payoff of the Trane lease, this will save $110,045 in interest payments for the outstanding lease. The lease had payments through 3/1/2026, by paying the balance at our next payment due date on 3/1/22 we will realize the interest savings.
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Funding:
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Recommendation:
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Kristen Woodbury, Supervisor of Business Services, is requesting a motion to approve the early payoff of the Trane lease in the amount of $1,958,670.75.
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Approvals:
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Recommended By:
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Signed By:
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Kristen Woodbury - Supervisor of Business Services
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Signed By:
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Dr. Jason Dandoy - Superintendent
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Vote Results:
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| Original Motion | | Member Becky Billigmeier Moved, Member Bryan Fishbaugh seconded to approve the Original motion 'Kristen Woodbury, Supervisor of Business Services, is requesting a motion to approve the early payoff of the Trane lease in the amount of $1,958,670.75.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Theresa Tillery | Yes | | Joy Beery | Yes | | Steve Russell | Yes | | Becky Billigmeier | Yes | | Jeff Davidson | Yes | | Bryan Fishbaugh | Yes | |
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