|November 8, 2017 CUSD BOT Meeting Agenda Item #8 OLIVER EQUIPMENT LEASE – OLIVER PACKAGING AND EQUIPMENT COMPANY|
Board Audio: None
This Item was passed on the Consent Calendar without discussion.
The Orange County Health Care Agency Environmental Health Department classifies all District Elementary School kitchens as pre-packaged food facilities. The District requires packaging equipment to ensure food is wrapped appropriately.
If CUSD agrees to buy 250,000 trays from Oliver Equipment Lease the company supplies the equipment for free.
Schedule "A" of the Lease agreement states:
"As consideration for your use of the Equipment as described herein, You agree to purchase from OPEC the minimum volumes of consumable product ("Consumable Product") specified on the first page of this lease. In the event that You do not anticipate meeting such minimum purchase requirement, you may alternatively pay to OPEC a one-time lease fee in the amount specified on the first page of this lease"
There is no "One-time lease fee" specified in the agreement.