Lake Tahoe Community College Board of Trustees Meeting Agenda April 2026
Zions Bank Selected as Escrow Agent for Refunding
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Description
Lake Tahoe Community College District will engage Zions First National Bank as escrow agent for the General Obligation Refunding Bonds, holding proceeds until the Series A bonds are legally defeased. This escrow arrangement ensures secure handling of refunding proceeds and termination of related tax levies once the prior bonds are paid off.
Contract Details
Vendor
ZIONS FIRST NATIONAL BANK
Agency
Lake Tahoe Community College, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Renewal Info
Escrow services are limited to the life of the refunding escrow until Series A Bonds are defeased; no renewal terms are described.
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