Board Considers Short-Term Loan with Ocean First Bank
Millville ElementarySchool · Millville, CA- Disclosed value
- Up to $9,231,597, interest 6.083%
- From agenda
- Document date
- Jun 1, 2026
- Term
- To be repaid by July 15, 2026
The 30-second brief
The Millville Board of Education is considering approval of a short-term loan application with Ocean First Bank for up to $9,231,597 at 6.083% interest to cover delayed June state aid, with repayment due by July 15, 2026. The state will repay the loan, including interest, by the specified date.
Ocean First Bank holds this financial services contract with Millville Elementary. Its other public contracts on record include work for Jackson Township School District and Seaford Union Free School District.
Term as filed: To be repaid by July 15, 2026.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Up to $9,231,597, interest 6.083%
- Document date
- June 1, 2026
- Term
- To be repaid by July 15, 2026
- Vendor
- Ocean First Bank
- Agency
- Millville Elementary
- Source document
- Millville Board of Education Agenda Special Meeting to Approve Loan Application 2026-06-01 (Agenda)
Ocean First Bank's other public contracts
More Millville Elementary contracts
Questions about this contract
Who was awarded the financial services contract by Millville Elementary?
Ocean First Bank was awarded this financial services contract by Millville Elementary, as recorded on June 1, 2026. The contract value is Up to $9,231,597, interest 6.083%.
How much is the Ocean First Bank contract with Millville Elementary worth?
The Ocean First Bank contract with Millville Elementary is valued at Up to $9,231,597, interest 6.083%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Millville Board of Education Agenda Special Meeting to Approve Loan Application 2026-06-01 (Agenda), dated June 1, 2026 from Millville Elementary. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Ocean First Bank hold?
Ocean First Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Millville Elementary currently buying?
Explore Millville Elementary's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.