John Adams Academy Minutes Board of Trustees Meeting 2026-05-14
Academy Approves Solar Panel Financing with Columbia Bank
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Description
John Adams Academy Board approved a 15-year, approximately $1.7 million financing agreement with Columbia Bank for school solar panel assets. The transaction helps offset the original installation cost after the bankruptcy of the initial vendor.
Contract Details
Contract Amount
Approximately $1,700,000 (15-year financing)
Vendor
COLUMBIA BANK
Agency
John Adams Academy - El Dorado Hills District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
15 years
Renewal Date
2041-05-14
Renewal Info
The agreement finalizes the transition to Columbia Bank after original provider Sunnova's bankruptcy. The 15-year amortization was selected for favorable payment terms.
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