Mancelona Public School Board Minutes January 2026
Alden State Bank Chosen for Bond Financing
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Description
Following a competitive review of five bids by Thrun and PFM, Mancelona Public Schools selected Alden State Bank for its bond series financing at a 3.38% True Interest Cost. The board ratified the resolution, choosing a bank located within the school district boundaries.
Contract Details
Vendor
ALDEN STATE BANK
Agency
Mancelona Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Bond financing at 3.38% True Interest Cost (specific dates not stated)
Renewal Info
Ratification of a new bond series financing arrangement; no explicit renewal or call provisions are described in the minutes.
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