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FINANCIAL_SERVICESAPPROVED

msad_45_school_board_meeting_agenda_may_9_2023.pdf

MSAD 45 Approves Revenue Anticipation Loan with Katahdin Trust

$250,000School Administrative District 45KATAHDIN TRUST COMPANYMay 9, 2023

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

MSAD 45 board authorized borrowing $250,000 from Katahdin Trust Company via a 12-month Revenue Anticipation Loan at a 5.15% fixed interest rate for school working capital needs.

Contract Details

Contract Amount

$250,000

Vendor

KATAHDIN TRUST COMPANY

Agency

School Administrative District 45, ME

Contract Type

FINANCIAL_SERVICES

Document Date

May 9, 2023

Contract Term

12 months

Renewal Date

2024-05-09

Renewal Info

No renewal terms specified; loan is for a fixed 12-month term.

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