Trustees sign off on campus ATM lease renewals
Contact:
Cheryl Roland
June 14, 2012
KALAMAZOO--Acting at its June 7 meeting, the Western Michigan University Board of Trustees authorized the University administration to enter into ATM lease agreement renewals with two banks.
The five-year renewal with PNC Bank covers nine ATMs located throughout the campus. The monthly rent for the units will remain at the current rate of $1,150 and then increase to $1,200 in the third through fifth years of the lease.
Trustees also approved a three-year renewal of a lease of a free-standing kiosk at 2612 Michigan Ave. to Bank of America, N.D. The monthly rent will rise from $940 in the first year to $997 in the final year.