Craftsbury Town School District Proposal Tax Anticipation Loan Bid 2026-06-08
Union Bank Submits Tax Anticipation Loan Offer
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Description
Craftsbury Town School District is considering a $850,000 tax anticipation loan or line of credit offered by Union Bank with fixed interest and reinvestment options for fiscal year 2026-2027. The contract will be finalized pending School Board action and execution of documents.
Contract Details
Contract Amount
$850,000.00
Vendor
UNION BANK
Agency
Craftsbury School District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Single-year term loan with no auto-renewal; requires execution of new agreement for subsequent years. No prepayment penalty. Subject to School Board approval and submission of board minutes.
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