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2005-2006 Replacement School Bus Financing - Documents and Procedures

• Master Facilitator Agreement between NC State Board of Education and Navistar Financial Corporation/Harco
  Leasing Company, Inc., - dated October 12, 2005.
• Master Replacement Bus Financing Agreement between North Carolina LEAs and Navistar Financial Corporation/Harco
  Leasing Company, Inc., - Final Version for download and LEA signature.
• MEMO: Nov. 7, 2005 Memo from Ben Matthews and Derek Graham: 2005-2006 Replacement School Buses - Financing Arrangements
• Request for Payment: LEA Financed Purchase of Replacement School Buses [MS Word Version] [PDF file]
• Exhibit B for all counties - print just the one for your county.
  
• LEA INSTRUCTIONS FOR PROCESSING REPLACEMENT BUS FINANCING AGREEMENT:
• Complete Request for Payment form and FAX to DPI Transportation Services (919/807-3578) attn: Steve Beachum.
  Note: You may attach a copy of your EXHIBIT B AGGREGATE LIST OF REPLACEMENT SCHOOL BUSES ANTICIPATED TO BE ACQUIRED and put "See Attached" rather than duplicating all of the payment information.
• Receive from Steve Beachum an approval of the request for payment.
• Issue a Purchase Order TO WHITE’S INTERNATIONAL TRUCKS for the PURCHASE PRICE of the buses (not the financed price) and forward it to DPI (DPI will forward to White’s). If your district is using e-procurement, we understand that the PO will go directly to the vendor. However, the vendor will not process that purchase order until confirmation is received from DPI. In this instance, please PRINT OUT the purchase order and mail to DPI.
• Download and sign a copy of the Notice of and Consent to Assignment form.
• Download a copy of the Master Replacement Bus Financing Agreement (MRBFA) and include YOUR EXHIBIT B - AGGREGATE LIST OF REPLACEMENT SCHOOL BUSES ANTICIPATED TO BE ACQUIRED.
• Fill in the MRBFA and get appropriate signatures IN DUPLICATE as follows:
  • a.  Page 1, paragraph 1 - fill in DATE, OFFICIAL LEA NAME, LEA ADDRESS
  • b.  Article I, "LEA" - fill in OFFICIAL LEA NAME (page 2)
  • c.  Article X, 10.04 fill in LEA name, department and contact name for official correspondence related to the
         financing agreement (probably transportation director or finance officer)
  • d.  Page 10, bottom - Appropriate signature for this agreement - either authorize Board member/chairman
         OR superintendent, depending on local procedures.
  • e.  Exhibit B - replace with the one provided by DPI Transportation Services
  • f.   Exhibit C - Page 16 - fill in OFFICIAL LEA NAME and date of Agreement from Page 1
  • g.  Exhibit C - Page 17 - Fill in Federal Tax ID Number, date and authorized signature.
    
    
    NOTE: Mail TWO SIGNED ORIGINAL MRBFA's by December 15 to

  Navistar Financial Corporation/Harco Leasing Company, Inc., (NFC/HLCI)
  17767 N. Perimeter Drive
  Scottsdale, AZ 8525560532
  Attention: Jennifer Rojas

  NFC/HLCI will return one signed original MRBFA to the LEA

 

updated 11/21/05