Ludlow Mount Holly Unified Union School Proposal Grant Anticipation Note Financing 2026-05-21
Community Bank Proposes $685,953 Grant Anticipation Note Loan
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Description
Ludlow Mount Holly Unified Union School has received a proposal from Community Bank, N.A. for a $685,953 Grant Anticipation Note to finance a drinking water project, pending approval. The note carries a 4.85% interest rate with all payments due at maturity on December 31, 2026. Approval subject to review of financial statements and issuance of a legal opinion from bond counsel.
Contract Details
Contract Amount
$685,953
Vendor
COMMUNITY BANK N.A.
Agency
Green Mountain Unified School District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Issue date (TBD) through December 31, 2026
Renewal Date
2026-12-31
Renewal Info
Prepayment allowed without penalty; proposal valid until July 6, 2026; eligible for extension. No renewal specified beyond note maturity.
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