A Jefferson Parish School Board has been sued for more than $75,000 for allegedly violating a lease agreement regarding its copier systems.
CIT Technology Financing Services I filed suit against Jefferson Parish School Board on Oct. 11 in federal court in New Orleans.
According to the complaint, the school board signed an agreement with CIT on June 15, 2006, in which it would make an annual payment of $36,183.36 for an initial term of five years plus an excess copy charge over an annual copy allowance.
The parties amended the lease agreement in 2009 with the school board agreeing to pay a minimum of two semi-annual payments of $18,696.38 and an excess copy charge.
The complaint alleges that the last full payment of rent was paid on Dec. 1, 2009 and the school board has failed to pay the semi-annual payments of rent due.
Under the lease agreement, CIT may declare all amounts due in the event of a default.
CIT is asking for an award of the past due lease payments of $13,195.68, unpaid late charges of $1,869.64, plus interest, maintenance charges of $5,500.70, accelerated lease payments for the remaining term of the master lease of $77,614.81, plus attorney's fees, expenses and court costs.
The plaintiff is represented by Richard A. Aguilar and Lisa D. Munyon of McGlinchey Stafford in New Orleans.
U.S. District Judge Martin L. C. Feldman is assigned to the case.
Case No. 2:10-cv-03447