Saline Area Schools Board of Education Meeting Agenda May 12 2026
U.S. Bank Approved as Escrow Agent for Refunding
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Description
The Board approved U.S. Bank Trust Company, National Association as Escrow Agent to manage investments and payments for the 2026 Refunding Bonds escrow. The Escrow Agreement will fund the payment and redemption of the refunded 2016 School Building and Site Bonds through their final maturities.
Contract Details
Vendor
U.S. BANK TRUST COMPANY NATIONAL ASSOCIATION
Agency
Saline Area Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
For duration of escrow through final payment of refunded 2016 bonds (maturities May 1, 2027–May 1, 2036)
Renewal Date
2036-05-01
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Saline Area Schools Board of Education Meeting Agenda May 12 2026
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