Shawnee Public Schools Proposal Jim Thorpe Stadium Press Box Elevator Project 2026-06-28
Vision Bank proposes $360K lease for elevator project
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Description
Shawnee Public Schools received a term sheet from Vision Bank for a $360,000 bank qualified, tax-exempt lease purchase to finance the Jim Thorpe Stadium Press Box Elevator Project. The proposed three-year advancing-line structure features a 3.90% rate, annual payments beginning 12 months after inception, a $399 documentation fee, and no prepayment penalties. Advances will be made after inspections verify completed work.
Contract Details
Contract Amount
$360,000.00
Vendor
VISION BANK
Agency
Shawnee Public Schools, OK
Contract Type
FINANCIAL_SERVICES
Document Date
June 28, 2026
Contract Term
3 years; first payment 12 months after inception; annual payments
Renewal Info
Three-year bank qualified/tax-exempt lease purchase agreement; no prepayment penalties; structured as an advancing line with inspections prior to each advance. No explicit renewal or extension options are described in the term sheet.
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