Norris City-Omaha-Enfield Community Unit School District Board Minutes October 2025
Banterra Invests in School District Bond Sale
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Description
Norris City-Omaha-Enfield CUSD completed a $3.16 million, 20-year bond sale at 4.36% interest, with Banterra acquiring a substantial portion of the issue. Local bank participation underscores community investment in district projects.
Contract Details
Contract Amount
Approximately 70% of $3,160,517.00 (shared with First Bank)
Vendor
BANTERRA
Agency
Norris City-Omaha-Enfield CUSD 3, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 15, 2025
Contract Term
20-year bond term at 4.36% interest
Renewal Date
2045-10-15
Renewal Info
20-year bond issuance; repayment schedule will follow standard debt service over the stated term.
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