Discovery Charter School Resolution 574 Property Purchase and Financing
NBT Bank Financing Approved for School Property Purchase
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Description
Discovery Charter School approved and ratified a financing commitment with NBT Bank for a $4,400,000 mortgage and a line of credit up to $500,000 to fund the property purchase. The resolution authorizes execution of all related loan and guarantee documents.
Contract Details
Contract Amount
$4,400,000 mortgage financing and line of credit not to exceed $500,000
Vendor
NBT BANK
Agency
Discovery Charter School, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 17, 2026
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