AWARD - Computers Lease for Purchase

The Wicomico County Board of Education is notifying the public of the award of a project for the lease purchase of computers, peripherals, and supplies. The award was given to Banc of America Public Capital Corp. for a four-year lease purchase agreement with a total payment of $7,500,000.00. The project involves the purchase of replacement computers through the Maryland Education Enterprise Consortium (MEEC) contracts. The payment schedule includes four annual payments of $1,875,000.00 each. • The lease purchase agreement is for 48 months. • The total payment for the contract is $7,500,000.00. • The project was awarded to Banc of America Public Capital Corp. • The source of funds for the project is General Funds.