FINANCIAL_SERVICESAPPROVED

Monona Grove School District Awards Financial Services Contract to Lake Ridge Bank (September 2026)

The Monona Grove School District authorized a taxable revolving line of credit and tax and revenue anticipation promissory note from Lake Ridge Bank for up to $8 million. The facility will fund current-school-year operating expenses, allow draws through June 30, 2027, and mature no later than November 1, 2027.

Document date · September 14, 2026

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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 amount
Not to exceed $8,000,000 outstanding at any one time
Contract type
FINANCIAL_SERVICES
Contract term
Draws permitted through June 30, 2027; repayment and maturity no later than November 1, 2027
Renewal date
2027-11-01
Renewal
This is a temporary revolving credit facility, not a renewal contract. No renewal or extension option is stated; the note must be repaid by November 1, 2027.
Document type
Resolution
Source document
Monona Grove School District Resolution Taxable Tax and Revenue Anticipation Promissory Note 2026-09-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Monona Grove School District?

Lake Ridge Bank was awarded this financial services contract by Monona Grove School District, as recorded on September 14, 2026. The contract value is Not to exceed $8,000,000 outstanding at any one time.

How much is the Lake Ridge Bank contract with Monona Grove School District worth?

The Lake Ridge Bank contract with Monona Grove School District is valued at Not to exceed $8,000,000 outstanding at any one time, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Monona Grove School District Resolution Taxable Tax and Revenue Anticipation Promissory Note 2026-09-14 (Resolution), dated September 14, 2026 from Monona Grove School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Ridge Bank hold?

Lake Ridge 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.

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What is Monona Grove School District currently buying?

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