School District Amends $5.4M Debt Repayment Agreement
Ketchikan Gateway Borough School DistrictSchool · Ketchikan, AK- Disclosed value
- $5,441,399 principal plus $501,030.11 interest (3.07% over 3 years)
- From agendapacket
- Document date
- May 27, 2026
- Renews
- Free account
The 30-second brief
The Ketchikan Gateway Borough School District approved amendments to its March 2026 Memorandum of Agreement with the Ketchikan Gateway Borough to modify repayment terms on a $5.44 million central treasury loan at 3.07% interest over three years. The changes redirect any 2026 one-time State supplemental education funding into the Local Education Fund and allow the Borough to apply such funds toward principal under a revised amortization schedule effective July 1, 2026.
Ketchikan Gateway Borough holds this financial services contract with Ketchikan Gateway Borough School District. Its other public contracts on record include work for City of Ketchikan.
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Contract details
- Contract type
- Financial Services
- Amount
- $5,441,399 principal plus $501,030.11 interest (3.07% over 3 years)
- Document date
- May 27, 2026
- Term
- Loan contract dated 7/1/2025 with payments from 7/1/2026 through 7/1/2029 (3 years)
- Renews
- On record
- Source document
- Ketchikan Gateway Borough School District AgendaPacket Amendment of Terms in March 2026 Memorandum of Agreement with Ketchikan Gateway Borough for Debt Repayment 2026-05-27 (AgendaPacket)
Ketchikan Gateway Borough's other public contracts
More Ketchikan Gateway Borough School District contracts
Questions about this contract
Who was awarded the financial services contract by Ketchikan Gateway Borough School District?
Ketchikan Gateway Borough was awarded this financial services contract by Ketchikan Gateway Borough School District, as recorded on May 27, 2026. The contract value is $5,441,399 principal plus $501,030.11 interest (3.07% over 3 years).
How much is the Ketchikan Gateway Borough contract with Ketchikan Gateway Borough School District worth?
The Ketchikan Gateway Borough contract with Ketchikan Gateway Borough School District is valued at $5,441,399 principal plus $501,030.11 interest (3.07% over 3 years), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Ketchikan Gateway Borough School District AgendaPacket Amendment of Terms in March 2026 Memorandum of Agreement with Ketchikan Gateway Borough for Debt Repayment 2026-05-27 (AgendaPacket), dated May 27, 2026 from Ketchikan Gateway Borough School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ketchikan Gateway Borough hold?
Ketchikan Gateway Borough may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Ketchikan Gateway Borough School District currently buying?
Explore Ketchikan Gateway Borough School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.