Mancelona Public School Board of Education Minutes Jan 2026
Board awards bond financing to Alden State Bank
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Description
The Board ratified the selection of Alden State Bank for the district’s bond series financing after Thrun and PFM reviewed five bids, with Alden State Bank offering the lowest True Interest Cost at 3.38%. The decision supports both favorable financing and partnership with a bank inside district boundaries.
Contract Details
Vendor
ALDEN STATE BANK
Agency
Mancelona Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Bond issue at 3.38% True Interest Cost
Renewal Info
Bond series selection based on competitive bids; no renewal or extension terms noted beyond standard bond financing structure.
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