Coatesville Area SD Awards Financial Services Contract to Pnc Bank National Association (July 2026)

USD $248,464.98 (reducible by 80% to USD $49,693.00 upon permit completion)

FINANCIAL_SERVICES

Issue Date: July 22, 2026; Expiry Date: July 22, 2029; auto-extends annually unless notice of non-renewal given at least 60 days prior to expiry

2029-07-22

The letter of credit will be automatically and annually extended for one year from the present or any future expiration date unless PNC Bank provides written notice of its decision not to extend at least 60 days prior to any such expiration date. The LOC amount may be reduced by 80% upon PennDOT’s written acknowledgment of completion and acceptance of all permitted work.

Agreement