Board approves $223,976 lease purchase for 500 Lenovo Chromebooks

The North Pocono School District Board of Education on July 16 approved a lease-purchase agreement with First American to acquire 500 Lenovo 500e Yoga Chromebook Gen 4 12.2 devices and operating licenses. The total lease amount is $223,976.15 at an interest rate of 4.68 percent. Annual payments of $44,795.23 will be made over five years, with the first payment due 30 days after acceptance of the equipment.

Superintendent Dr. Daniel J. Powell described the purchase as part of the district’s device replacement cycle and said the additional Chromebooks will help the district meet demand for online standardized testing. The motion to enter the lease purchase passed unanimously, 8–0.

Why it matters: the district cited online testing and device availability as reasons for the purchase. The five-year payment schedule will obligate the district to annual payments of $44,795.23 through the lease term.

Operational details recorded in the motion include the vendor (Lenovo), financing through First American, the total lease amount ($223,976.15), the interest rate (4.68 percent), and the payment cadence (annual payments over five years). No alternative financing or vendors were recorded in the transcript.

Next steps: acceptance of equipment and processing of the lease will proceed through the district’s purchasing and finance offices; the first lease payment is due 30 days after equipment acceptance.