Beaver Valley Intermediate Unit Board Minutes November 2025
$20M Construction Loan Approved with WesBanco for School Renovation
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Description
The Board accepted WesBanco, Inc’s $20 million proposal for a Non-Revolving Draw Down Construction Loan Revenue Note at 3.75% tax-exempt interest to finance the New Horizon School renovation. The loan term is one year.
Contract Details
Contract Amount
$20,000,000.00
Vendor
WESBANCO INC
Agency
Beaver Valley IU 27, PA
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
Contract Term
1 year
Renewal Date
2026-11-19
Renewal Info
Term is one year, loan expires after term unless refinanced or repaid. No mention of auto-renewal or extensions.
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