The BoD was never asked to fund the printer, it was asked to lease the printer and have CA make the payments from their funds. Committees can not lease equipment, DMS the corporation is what executes the lease. The BoD did not want DMS to be obligated for the lease, generally DMS has not incurred debt that requires recurring payments beyond Rent. [1]
December 2017 BoD Lease Printer Agenda Item.
Wide format printer lease to purchase (Kris Anderson for CA)
Problem: the Epson wide format printers have been a problem to keep running and are taking up space while sitting idle.
Solution: Replace existing 2 Epsons with a new technology (selling), 64 inch HP latex printer and cutter. The committee would like to lease to own option of $526.98 per month for 48 months with a buyout option of $1 at the end of this time from Imagenet consulting. Imagenet has also agreed to stock the media we use as to save us storage space.
Relevance: This tool will be one of the most used in Creative Arts and will be structured so it helps pay for itself. The 64 inch printer uses a latex technology that heat cures the image onto the media of choice. Items that can be created range from car wraps, wall murals, cloth and of course banners and photo prints ranging from 12 to 64 inches wide. The cutter can be used with the media and with vinyl as well. The printer has a barcode technology that allows the user to repeat any jobs they would like as well as telling the cost the job will entail. Creative Arts is very excited about this and seeks the Board of Directors thumbs up.
The BoD declined to take any action so it neither funded or leased the printer. While proposed on the agenda there was no supporting motion or second so it died without any action taken.
Note:
[1] The MultiCam was purchased on installments but is the last item I’m aware of that we have purchased on payments. The Parts Washer was leased because it included a service contract and we believed included disposal of spent chemicals, turned out it didn’t so we purchased it. The Copier/Printer leased because it includes servicing. DMS rents month to month the high pressure cylinders for welding gases and CO2 for lasers - which is a standard industry practice as it allows cylinder swap outs at refill and we don’t have to maintain the hydro-testing. Beyond these items, I can’t really think of anything, there probably are several other items.