Lease Purchase Agreements

Each year, the school system enters into lease purchase agreements to finance expenditures for items such as buses, equipment, textbooks, and energy performance contracts.  All items purchased under lease purchase agreements are pledged as collateral under the agreements.

The schedule below lists the current leases including the lessor, interest amount, maturity date, and total principal outstanding.  All leases have a fixed interest rate and annual payment.

 

Lease Payment Schedule for Debt Ratio Calculations FY17

Includes Energy Performance Leases as of December 31, 2016

 

 

      Last or Next
  Principal Interest
    Original Principal
Agreement     FY Lender Payment Payment Component
Component of
Interest
Maturity
Principal Outstanding
Date     Date Amount Payment Amount Payment Amount
Rate
Date Amount at December 31, 2016
                     
06/05/12 12 SunTrust Equipment Leasing (Re-Fi JCI) 07/06/17 2,911,156.33 2,168,277.91 742,878.42 2.99% 7/06/26 35,818,218.39 24,845,431.98
06/01/12 12 Capital One (Re-Fi PEPCO) 07/06/17 3,570,319.62 2,851,265.17 719,054.45 3.48% 07/06/23 31,797,222.98 20,662,484.21
06/05/12 12 SunTrust Equipment Leasing (Re-Fi JCI/PES) 07/02/17 3,175,051.30 2,950,941.08 224,110.22 2.47% 07/02/19 23,357,731.15 9,073,288.27
08/28/13 14 Grant Capital/SunTrust 09/14/16 9,354,219.86 9,160,252.22 193,967.64 1.0532% 09/17/17 45,796,910.00 9,256,728.01
09/17/14 15 Grant Capital/SunTrust 09/23/16 7,073,212.76 6,847,073.98 226,138.78 1.089% 09/23/18 34,605,026.00 13,918,653.89
09/28/15 16 Grant Capital/TD Bank 09/30/16 8,844,008.56 8,421,974.52 422,034.04 1.229% 09/30/19 43,140,823.00 25,892,526.22
11/21/15 17 Grant Capital/TD Bank 11/30/16 4,793,476.13 4,786,379.60 7,096.53 1.213% 11/30/20 23,392,431.00 18,606,051.40
TOTAL       39,721,444.56  37,186,164.48  2,535,280.08     237,908,362.52 122,255,163.98

Sasscer Administration Building
Room 113
14201 School Lane
Upper Marlboro, MD  20772
Phone:  301-952-6070
Fax:      301-952-6776

Last modified: 1/30/2017 3:23:36 PM