Marcum-Illinois Union School District Regular Board Meeting Agenda January 12 2026
Charter School Maintains Long-Term Bank Loan
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Description
South Sutter Charter School maintains a long-term loan with River City Bank to fund facilities, with $695,250 outstanding as of June 2025.
Contract Details
Contract Amount
$2,000,000 (original principal; $695,250 outstanding as of June 2025)
Vendor
RIVER CITY BANK
Agency
Marcum-Illinois Union Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
January 12, 2026
Contract Term
March 27, 2020 – April 1, 2035
Renewal Date
2035-04-01
Renewal Info
Loan matures April 1, 2035; annual principal payments scheduled.
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