Mountain Views Supervisory Union Agenda Packet 2026-06-01
Tax Anticipation Note Awarded to Mascoma Bank
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Description
The Mountain Views Supervisory Union Board approved a Tax Anticipation Note for $2,000,000 with Mascoma Bank at an interest rate of 4.75%, maturing June 30, 2027. This short-term loan will cover operating expenses until tax revenues are received from member towns.
Contract Details
Contract Amount
$2,000,000 (principal), interest rate 4.75%, interest cost up to $95,000.00
Vendor
MASCOMA BANK
Agency
Mountain Views Unified Union School District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
1 Year (matures June 30, 2027)
Renewal Date
2027-06-30
Renewal Info
Annual renewal; TAN is an annual occurrence for district operating cash flow needs. Future rates are determined yearly.
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