Narragansett School District School Committee Meeting Agenda April 2026
District to Sell $5.06M BANs to BNYMellon
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Description
Narragansett School District plans to sell $5.06 million in 4.00% General Obligation Bond Anticipation Notes to BNYMellon Capital Markets, LLC, including a $49,994.32 premium, to finance the high and middle school roof projects. The notes will be dated April 9, 2026 and mature April 9, 2027, with related disclosure and tax compliance actions authorized.
Contract Details
Contract Amount
$5,060,000 4.00 percent General Obligation Bond Anticipation Notes plus a premium of $49,994.32
Vendor
BNYMELLON CAPITAL MARKETS LLC
Agency
Narragansett School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
April 2, 2026
Contract Term
Notes dated April 9, 2026 and payable April 9, 2027
Renewal Date
2027-04-09
Renewal Info
Single one-year bond anticipation note issuance; no renewals described, though future bonds or notes may be issued to permanently finance the project costs.
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