Superintendent Greg Briles explained that the current lease agreement is almost over and two proposals were gathered for consideration. Chris Smith from Monticello had a quote for Xerox machines and the Adams Remco company in South Bend provided a quote for Toshiba copiers.
“If you look at the Xerox copiers, they are talking $953.33 a month with a fair market value buyout at the end. Fair market value for a copy machine at the end could be anywhere from $3,000 to $5,000 per machine. Based on the fact that we have five machines that we’re replacing that would be anywhere from $15,000 to $25,000 that we would owe at the end of our lease. For Adams Remco, their total is $969 and a $1 municipal lease. We would owe $1 per machine at the end of the lease if we wanted to keep them,” stated Briles.
The board approved an action to enter into a five-year lease with Adams Remco. Full service will be provided during the lease and the only thing the school corporation will pay for is the copy paper. If a copy machine breaks down, the company will replace it at no extra cost.
This lease will be cheaper than the most recent lease.