Tracy Unified School District Escrow Agreement May 2026
Escrow Agent Appointed for Bond Redemption Services
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Description
Tracy Unified School District entered into an escrow agreement with The Bank of New York Mellon Trust Company, N.A. to serve as escrow agent for the redemption and defeasance of several outstanding general obligation bonds. The district will compensate the escrow agent for all services, costs, and expenses as outlined in the contract, with the engagement terminating upon completion of all payments for the refunded bonds.
Contract Details
Vendor
BANK OF NEW YORK MELLON TRUST COMPANY N.A.
Agency
Tracy Joint Unified, CA
Contract Type
FINANCIAL_SERVICES
Document Date
February 26, 2026
Contract Term
May 5, 2026 until redemption and final payment of Refunded Prior Bonds (estimated August 1, 2026)
Renewal Date
2026-08-01
Renewal Info
No automatic renewal; agreement terminates upon final payment for Refunded Prior Bonds and agent fees. Successor agent may be appointed if the escrow agent resigns or is otherwise unable to continue.
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