excel-academy-charter-district-meeting-minutes-2023-09-14_e30.pdf
Promissory Note with Friends of Excel Amended for Real Estate
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Description
Excel Academy Rhode Island Board approved amending a promissory note with Friends of Excel to facilitate a $250,000 deposit and $250,000 for due diligence costs, with the loan maturity date extended to June 30, 2024, to support real estate acquisition efforts for the 1 Baker Street property.
Contract Details
Contract Amount
0% interest, amount up to $250,000 for due diligence plus $250,000 deposit (refundable by schedule)
Vendor
FRIENDS OF EXCEL
Agency
Excel Academy Charter (District), MA
Contract Type
FINANCIAL_SERVICES
Document Date
September 14, 2023
Contract Term
Promissory Note maturity date extended to June 30, 2024
Renewal Date
2024-06-30
Renewal Info
Extended maturity from original Dec. 31, 2023 to June 30, 2024. Board authorized Treasurer or Chair to execute the amendment as needed.
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PENDINGexcel-academy-meeting-minutes-2024-06-27_21f.pdf
APPROVEDexcel-academy-charter-district-meeting-minutes-2023-09-14_16d.pdf
approvedexcel-academy-meeting-minutes-2023-09-14_9d0.pdf
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