Sciotoville Community School Board Meeting Agenda April 2026
Sciotoville Board Considers WesBanco Loan Approval
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Description
Sciotoville Community School is considering approval of a loan with WesBanco for up to the lesser of $1,150,745 or 80% of the project's appraised value at 3.82% interest over seven years. The Superintendent and Treasurer would be authorized to sign all closing documents on behalf of the school.
Contract Details
Contract Amount
Lesser of $1,150,745 or 80% of the appraisal value of the project and property; approximately $6,899 per month for 7 years
Vendor
WESBANCO
Agency
Sciotoville Community School, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
7 years at 3.82% interest
Renewal Date
2033-04-20
Renewal Info
Fixed-term loan for seven years; no renewal terms described in the agenda.
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