ocean-grove-charter-district-agenda-2024-05-29_117.pdf
Ocean Grove Approves Line of Credit with River City Bank
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Description
Ocean Grove Charter School's board approved executing a new 2-year line of credit agreement with River City Bank to provide cash flow protection for the institution. The action was supported by a term sheet dated April 2, 2024.
Contract Details
Vendor
RIVER CITY BANK
Agency
Ocean Grove Charter District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 29, 2024
Contract Term
2 years
Renewal Date
2026-05-29
Renewal Info
Initial term is 2 years; further renewal subject to future board approval or renegotiation.
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