Sarasota County Schools
Agenda Item #57
Title
APPROVAL OF AMENDMENT TO HEWLETT PACKARD LEASE #3
Description
The reason for the amendment is to correct the name on the lease documents from the School "District" of Sarasota County, Florida, to the School "Board" of Sarasota County, Florida, and to change the payment methodology between Hewlett Packard (vendor) and Hewlett Packard Financial Services (lessor) to receive periodic monthly payments for delivered products rather than a lump sum amount after all products have been delivered. None of the amendments result in changes to the amount of the lease, the payment terms, interest rate, length of lease term, or the lease payments.
Recommendation
That the amendments to the Hewlett Packard Lease #3 be approved as presented.
Contact
WHITE & CORCORAN
Financial Impact
N/A
Attachment: APA, Name Change and Incumbency .pdf