School Administrative District 28 Awards $304,250 Financial Services Contract to Androscoggin Bank (August 2026)

Maine School Administrative District No. 28 authorized a tax-exempt lease purchase financing agreement with Androscoggin Bank for two new school buses and related equipment in the principal amount of $304,250.44. The financing will be repaid over five annual installments at a 5.99% interest rate under a lease purchase agreement executed by the Superintendent.

Scope & details

The full contract record, as filed.

Contract amount

$304,250.44

Contract type

FINANCIAL_SERVICES

Contract term

Five (5) annual installments at 5.99% interest

Renewal

Single five-year tax-exempt lease purchase financing; no renewal terms mentioned in the resolution.

Document type

Resolution

Source document

Maine School Administrative District No. 28 Resolution to Authorize Lease Purchase of Two New School Buses 2026-08-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by School Administrative District 28?

Androscoggin Bank was awarded this financial services contract by School Administrative District 28, as recorded on August 17, 2026. The contract value is $304,250.44.

How much is the Androscoggin Bank contract with School Administrative District 28 worth?

The Androscoggin Bank contract with School Administrative District 28 is valued at $304,250.44, covering financial services work.

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 Maine School Administrative District No. 28 Resolution to Authorize Lease Purchase of Two New School Buses 2026-08-19 (Resolution), dated August 17, 2026 from School Administrative District 28. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Androscoggin Bank hold?

Androscoggin 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.

View Androscoggin Bank's profile

What is School Administrative District 28 currently buying?

Explore School Administrative District 28's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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