FINANCIAL_SERVICESPENDING

Community National Bank Proposes Tax Anticipation Financing

Community National Bank proposed tax anticipation financing for Lake Region Union Elementary Middle and High School Districts totaling about $5.8 million, offering either a 3.49% non‑arbitrage note with reinvestment at 3.89% or a 5.05% line of credit maturing June 30, 2027. The school board will review these options for payroll cash flow coverage until other revenues arrive.

Status
PENDING
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Community National Bank
Agency
Lake Region Union Elementary Middle School Distric · VT

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $3,714,877.00 (LRUEMS) and $2,097,364.00 (LRUHS)
Contract type
FINANCIAL_SERVICES
Contract term
Notes to mature and be paid on or before June 30, 2027
Renewal date
2027-06-30
Renewal
New tax anticipation borrowing for FY 2026/2027 to replace or roll over prior year TAN; interest rates valid for 30 days from June 11, 2026.
Document type
AgendaPacket
Source document
Orleans Central Supervisory Union AgendaPacket Board of School Directors Meeting 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lake Region Union Elementary Middle School Distric?

Community National Bank was awarded this financial services contract by Lake Region Union Elementary Middle School Distric, as recorded on June 22, 2026. The contract value is Up to $3,714,877.00 (LRUEMS) and $2,097,364.00 (LRUHS).

How much is the Community National Bank contract with Lake Region Union Elementary Middle School Distric worth?

The Community National Bank contract with Lake Region Union Elementary Middle School Distric is valued at Up to $3,714,877.00 (LRUEMS) and $2,097,364.00 (LRUHS), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Orleans Central Supervisory Union AgendaPacket Board of School Directors Meeting 2026-06-22 (AgendaPacket), dated June 22, 2026 from Lake Region Union Elementary Middle School Distric. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community National Bank hold?

Community National Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Community National Bank's profile

What is Lake Region Union Elementary Middle School Distric currently buying?

Explore Lake Region Union Elementary Middle School Distric's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Lake Region Union Elementary Middle School Distric's profile

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