Recognition of Hillsborough County Public Schools (HCPS) and IKON Office Solutions, Inc. (IKON) Partnership (Business Division)

IKON offered a 10% rebate toward the current contract purchase price for all copiers leased. This offer equated to $117,800 on 100 copiers. A six-year lease versus purchases analysis demonstrated significant savings utilizing a five-year lease and an extended reduced lease rate offered by IKON in year six. Maintenance costs were included in the analysis. The combined lease and maintenance costs are lower than a Florida school district several times our size and the statewide contract. Additionally, there will be a minimum savings of $15,000 annually in energy as the replacement copiers are ENERGY STAR labeled.

Keith Farina, Darren Moore, and Nick Christiano, IKON representatives, will present a check to HCPS in the amount of $117,800, at this meeting.

* Demonstrate best financial practices

$117,800