Pacific Office Automation - Lease Agreement

This five‑year lease agreement provides Mountain Home School District 193 with 49 Sharp multifunction printers (both color and black‑and‑white), related accessories, and a comprehensive service‑and‑supply program. The district pays a fixed monthly base lease of $2,197.36 plus taxes, with a one‑time $75 setup fee, and a 90‑day deferred payment after installation. The vendor supplies installation, networking, training, toner, parts, and preventative maintenance; paper, staples, and additional network support are billed separately. Performance guarantees include a 4‑hour response‑time credit ($100) and a 96 % quarterly uptime credit (10 % of the device’s invoice). The lease is non‑cancellable, carries a first‑priority security interest for the vendor, and automatically renews for one‑year terms unless the district provides at least 30 days notice before term end; thereafter it rolls month‑to‑month. The contract includes specific Idaho addenda tying any additional payments to appropriated budget funds. • 49 Sharp MX series multifunction printers with accessories (finisher, trays, card readers, etc.) • Fixed monthly lease payment $2,197.36 (≈ $131,842 over 60 months) plus $75 setup fee • Service guarantees: 4‑hour response‑time credit and 96 % uptime credit • 90‑day deferred payment, net‑10 invoicing, 10 % late‑charge or $22 minimum • Automatic one‑year renewal unless 30‑day notice; subsequent month‑to‑month renewal