CONTRACTONGOING

Charter School Debt Financing From Charter One LLC

Osceola Public Schools logoOsceola Public Schools
Disclosed value
$155,000 loan and $81,005 note in 2019-20; $742,467 promissory note in 2020-21 (remaining total notes payable $957,831 as of June 30, 2022)
From report
Document date
Feb 3, 2023

The 30-second brief

What it covers

American Classical Charter Academy relied on multiple loans and promissory notes from Charter One, LLC totaling $957,831 outstanding as of June 30, 2022. The School received a default notice in December 2021 and made five payments totaling $58,500 toward principal and interest between October 2021 and April 2022.

Who holds it

Charter One LLC holds this financial services contract with Osceola Public Schools. Its other public contracts on record include work for American Leadership Academy and Concord Lake Steam Academy.

What happens next

Term as filed: Loans originated in FY 2019-20 and FY 2020-21; default notice issued December 14, 2021; five payments made between October 2021 and April 2022.

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Contract details

Contract type
Financial Services
Amount
$155,000 loan and $81,005 note in 2019-20; $742,467 promissory note in 2020-21 (remaining total notes payable $957,831 as of June 30, 2022)
Document date
February 3, 2023
Term
Loans originated in FY 2019-20 and FY 2020-21; default notice issued December 14, 2021; five payments made between October 2021 and April 2022
Source document
osceola-public-schoolsreport2023-02-03_036.pdf (Report)

Charter One LLC's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Osceola Public Schools?

Charter One LLC was awarded this financial services contract by Osceola Public Schools, as recorded on February 3, 2023. The contract value is $155,000 loan and $81,005 note in 2019-20; $742,467 promissory note in 2020-21 (remaining total notes payable $957,831 as of June 30, 2022).

How much is the Charter One LLC contract with Osceola Public Schools worth?

The Charter One LLC contract with Osceola Public Schools is valued at $155,000 loan and $81,005 note in 2019-20; $742,467 promissory note in 2020-21 (remaining total notes payable $957,831 as of June 30, 2022), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in osceola-public-schoolsreport2023-02-03_036.pdf (Report), dated February 3, 2023 from Osceola Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Charter One LLC hold?

Charter One LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Osceola Public Schools currently buying?

Explore Osceola Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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