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FINANCIAL_SERVICESPENDING

Mountain View Union Elementary School District Proposal Current Expense Note 2026-06-08

Union Bank Proposes $1.3 Million Note to School District

$1,300,000.00Mountain View Union Elementary School DistrictUNION BANKJune 8, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Description

Union Bank has submitted a financing proposal to Mountain View Union Elementary School District for a $1,300,000 loan, offering either a Current Expense Note at 3.35% fixed interest with ICS reinvestment or a Non-Revolving Line of Credit at 4.99% fixed interest. The proposal is valid until July 1, 2026, with a loan term running July 1, 2026 through June 30, 2027.

Contract Details

Contract Amount

$1,300,000.00

Vendor

UNION BANK

Agency

Mountain View Union Elementary School District, VT

Contract Type

FINANCIAL_SERVICES

Document Date

June 8, 2026

Contract Term

July 1, 2026 – June 30, 2027 (12 Months)

Renewal Date

2027-06-30

Renewal Info

Proposal expires July 1, 2026; may be renewed or replaced by a new proposal at that time. Loan matures June 30, 2027. Early payoff permitted with no penalty; after payoff, ICS interest rate may revert to municipal checking rate.

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