Special Select Board Meeting Minutes April 2026
Grant anticipation borrowing approved with local bank
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Description
The Selectboard approved a Grant Anticipation Borrowing Resolution with Community National Bank for $976,000 at 4.90% to provide interim financing for multiple grant-funded projects. The borrowing will be evidenced by promissory note 195727960 dated April 28, 2026.
Contract Details
Contract Amount
$976,000.00 at 4.90%
Vendor
COMMUNITY NATIONAL BANK
Agency
Brighton School District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
Single promissory note 195727960 dated April 28, 2026; interim financing pending grant reimbursements
Renewal Info
Single promissory note used as interim financing; repayment expected upon receipt of grant reimbursements for specified projects.
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