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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 3, 2025 <br /> Action Agenda <br /> Item No. 8-i <br /> SUBJECT: Approval of Staff Computer Lease Purchase Agreement for Orange County <br /> Schools <br /> DEPARTMENT: County Manager, Orange County Schools <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Resolution to Approve Lease Purchase Agreement Kirk Vaughn, (919) 245-2153 <br /> PURPOSE: To adopt a resolution approving the Orange County Schools District lease agreement <br /> to replace staff computers. <br /> BACKGROUND: Orange County Schools (OCS) is entering into a contract to replace staff <br /> computers. The district proposes to enter into a four-year lease purchase agreement starting in <br /> FY 2026 to replace these computers. This agreement will be over four years for $1,901,658.88, <br /> with an annual payment of$474,414.72. The upcoming FY 2025-35 Capital Investment Plan (CIP) <br /> estimates that OCS will receive $1,235,254 in FY 2026 in Article 46 funds for technology <br /> investments, and $5,245,461 through the lease purchase period. The exact amount of funding <br /> the district receives will be subject to change each year due to changes in Article 46 sales tax <br /> performance, and changes in the average daily membership (ADM) excluding Charter Student <br /> formula for allocation between the two school districts. <br /> Per North Carolina General Statute 115C-441, for districts to engage in multi-year capital outlay <br /> agreements, they must first seek a resolution from the Board of County Commissioners. The <br /> attached resolution would bind the Board of Commissioners to appropriate the sufficient funds to <br /> meet the amount of the contract. At its May 19, 2025 meeting, the OCS Board of Education <br /> approved the lease purchase agreement with American Capital, pending approval of the BOCC's <br /> resolution. <br /> FINANCIAL IMPACT: Funds will be appropriated through the district's capital budget and will be <br /> reflected in the FY 2025-35 Capital Investment Plan. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 5: PUBLIC EDUCATION/LEARNING COMMUNITY <br /> OBJECTIVE 5. Invest in and implement a plan that supports schools operational and <br /> facility funding needs. <br /> RECOMMENDATION(S): The Manager recommends that the Board adopt and authorize the <br /> Chair to sign the resolution binding the County to appropriate sufficient funds to allow the Orange <br /> County Schools District to enter into a lease purchase agreement for staff computers. <br />