FINANCIAL_SERVICESONGOING

CECFA Bonds Finance Monument Academy Facilities

Colorado Educational and Cultural Facilities Authority continues to hold Monument Academy’s 2014 Charter School Revenue Bonds, with $12.9 million in principal outstanding and total remaining debt service of $19.5 million. The bonds finance the construction of the school’s education facilities, with payments scheduled through 2040.

Document date · June 30, 2019

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Scope & details

The full contract record, as filed.

Contract amount
$14,265,000 (original Charter School Revenue Bonds issue); $12,910,000 outstanding principal as of June 30, 2019; total scheduled debt service $19,525,799
Contract type
FINANCIAL_SERVICES
Contract term
Bonds issued December 2014 with principal payments annually on October 1 through 2040; interest payments semi-annually on April 1 and October 1
Renewal date
2040-10-01
Renewal
This is a long-term bond financing agreement rather than a renewable contract; amortization and debt service schedules are fixed through maturity. No extensions or refundings beyond the 2014 transaction are disclosed for this period.
Document type
Report
Source document
monument-academy-charter-school-report-2019-06-30_081.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lewis-Palmer School District 38?

Colorado Educational and Cultural Facilities Authority was awarded this financial services contract by Lewis-Palmer School District 38, as recorded on June 30, 2019. The contract value is $14,265,000 (original Charter School Revenue Bonds issue); $12,910,000 outstanding principal as of June 30, 2019; total scheduled debt service $19,525,799.

How much is the Colorado Educational and Cultural Facilities Authority contract with Lewis-Palmer School District 38 worth?

The Colorado Educational and Cultural Facilities Authority contract with Lewis-Palmer School District 38 is valued at $14,265,000 (original Charter School Revenue Bonds issue); $12,910,000 outstanding principal as of June 30, 2019; total scheduled debt service $19,525,799, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in monument-academy-charter-school-report-2019-06-30_081.pdf (Report), dated June 30, 2019 from Lewis-Palmer School District 38. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Colorado Educational and Cultural Facilities Authority hold?

Colorado Educational and Cultural Facilities Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Lewis-Palmer School District 38 currently buying?

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