By JIM MAURER
CAREY — Carey school board approved a lease/purchase agreement for a school bus during the board’s regular meeting Monday. Santander Bank, based in Boston, Massachusetts, will finance a 2021 IC 77-passenger gasoline-powered bus from Rush Truck Center, Lima.
The purchase was through META Solutions Purchasing Cooperative.
The district will borrow $79,606 to purchase the bus by Nov. 1 and then make five annual payments of $16,852 beginning Dec. 1 and ending Dec. 1, 2023. The district will pay a beginning 2.80 percent interest, or $4,654 over the loan period. After the payment period, the district will own the bus.
Superintendent Mike Wank said the bus will replace two 15-year-old, 72-passenger buses in the district’s fleet.
With the beginning of the 2019-2020 school year Aug. 22 for students, the board approved a variety of items such as bus routes, purchase of math textbooks for 6-12 grades, various supplemental and non-teaching contracts, and contracts with organizations to provide services such as free and reduced lunches for preschoolers (North Central Ohio Educational Service Center, Tiffin), a technology service agreement (Buckeye I.T. Services, Tiffin) and a College Credit Plus Program (Tiffin University).
The board held an executive session to discuss regular and supplemental contracts. No action was taken after the closed-door meeting.
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