FINANCIAL_SERVICESAPPROVED

Kenilworth SD 38 Awards Financial Services Contract to Amalgamated Bank of Chicago (August 2026)

School District Number 38 designated Amalgamated Bank of Chicago as tax escrow agent to hold and manage the 2025 Taxable Educational Purposes Tax Anticipation Warrant Fund, including receiving pledged tax deposits and investing them in a U.S. Treasury-only money market fund. The bank will transfer accumulated funds to the warrant registrar to discharge the $2,441,000 tax anticipation warrants.

Document date · August 25, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
From establishment of warrant fund upon resolution passage through repayment and discharge of warrants (up to March 1, 2027, or earlier upon fund accumulation)
Renewal date
2027-03-01
Renewal
Appointment is tied to the existence of the 2025 warrant fund and the outstanding warrants; no explicit renewal or extension terms beyond completion of warrant repayment. Successor tax escrow agents may be designated if needed.
Document type
Resolution
Source document
Board of Education of School District Number 38 Resolution Authorizing Issuance of Taxable Tax Anticipation Warrants 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kenilworth SD 38?

Amalgamated Bank of Chicago was awarded this financial services contract by Kenilworth SD 38, as recorded on August 25, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Board of Education of School District Number 38 Resolution Authorizing Issuance of Taxable Tax Anticipation Warrants 2026-08-25 (Resolution), dated August 25, 2026 from Kenilworth SD 38. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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