HomeMy WebLinkAboutRES-2021-039-RESOLUTION Regarding a Lease purchase agreement between Orange County Schools and Apple Financial Services to provide iPads for Pre-K and Kindergarten students RES -2021 - 039 ' (o l 011 ' Attachment 1
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RESOLUTION
ORANGE COUNTY BOARD OF COMMISSIONERS
ORANGE COUNTY, NORTH CAROLINA
WHEREAS , the Orange County Board of Education wishes to enter into a continuing
contract for financing with Apple Financial Services pursuant to N . C . Gen . Stat . § 115C - 528 for
the purchase of certain computer hardware software and related equipment to be used for public
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school purposes ; and
WHEREAS , the contract will require the Board of Education to pay Apple Financial
Services up to $ 314 , 879 . 60 over the 2020 -21 , 2021 -22 , and 2022 -23 fiscal years ; and
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WHEREAS , the Board of Education will pay Apple Financial Services in approximate
installments of $ 104 , 959 . 87 in the 2020 -21 fiscal year, $ 104 , 959 . 87 in the 2021 -22 fiscal year, and
$ 104 , 959 . 86 in the 2022 -23 fiscal year; and
WHEREAS , the contract may be a continuing contract for capital outlay subject to the
provisions of N . C . Gen . Stat . § § 115 C - 441 (c 1 ) and 115 C - 528 , including the approval of the
Orange County Board of Commissioners ,
NOW, THEREFORE , BE IT HEREBY RESOLVED , that the Orange County Board of
Commissioners approves the lease purchase agreement between Orange County Schools and
Apple Financial Services , and understands that Orange County Schools will use available funds
from the School district ' s local fund balance to meet the Apple Financial Services contract
obligations , so long as the amount the Board of Education shall be obligated to pay under that
contract shall be generally equal to the amounts noted above . Said funds obligated by this contract
for fiscal years 2020 -21 , 2021 -22 , and 2022 -23 shall be budgeted by the Board of Education for
this purpose , and the Orange County Board of Commissioners shall not be obligated to increase
its annual appropriation to the Orange County Board of Education by the amount due under the
contract .
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Adopted and resolved, this the day ofiv.A2021 by the Orange County Board
of Commissioners .
Renee Price, Chair
Oran County Board of Commissioners
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Laura Jensen f
Clerk to the BoardCato
f .