magnolia_public_schools_intra_organization_loan_re.pdf
Board approves $3.7M consolidated intra-organization loan
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Description
The Magnolia Educational & Research Foundation Board approved a consolidated $3.7 million intra-organization loan to Magnolia Science Academy – Orange County at 4% interest. The five-year loan restructures previously approved bridge financing into a single agreement with quarterly repayments beginning July 2026 and final maturity in 2031.
Contract Details
Contract Amount
$3,700,000
Vendor
MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION
Agency
Magnolia Science Academy 5 District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
December 11, 2025
Contract Term
Five-year amortized repayment schedule beginning July 1, 2026, with quarterly payments and final payment due April 30, 2031
Renewal Date
2031-04-30
Renewal Info
Consolidates March 13, 2025 and June 26, 2025 intraorganization loans; extended from an original one-year term to a five-year amortized term with quarterly payments starting July 1, 2026 and maturity on April 30, 2031. Loan may be prepaid at any time without premium or penalty.
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