School Administrative District 49 Awards Financial Services Contract to Zions Bank a Division of Zb National Association as Trustee (June 2021)

Scope & details

The full contract record, as filed.

Contract amount

Maximum annual Base Rentals $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%

Contract type

FINANCIAL_SERVICES

Contract term

Second Site Lease Amendment term ending no later than June 30, 2057; Second Lease Amendment term ending no later than June 30, 2047; delegation of sale authority effective for one year following June 23, 2021

Renewal date

2047-06-30

Renewal

Second Site Lease Amendment may run through June 30, 2057 and the Second Lease Amendment through June 30, 2047, with the District retaining an annual termination (non-appropriation) option under the Lease. Payments are year-to-year Base Rentals and Additional Rentals that do not constitute multi-year debt and may be terminated per Lease provisions.

Document type

Resolution

Source document

school-administrative-district-49-resolution-2021-06-23_f65.pdf

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Carrington Public School District 49, North DakotaMaximum annual Base Rentals not to exceed $4,700,000; total repayment cost not to exceed $65,000,000; total aggregate principal amount of Base Rentals not to exceed $46,000,000; purchase price of 2025 Certificates not less than 98%Oct 23, 2025

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De Beque School District 49-JT, ColoradoMaximum annual Base Rentals not to exceed $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%Jun 23, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by School Administrative District 49?

Zions Bank a Division of Zb National Association as Trustee was awarded this financial services contract by School Administrative District 49, as recorded on June 23, 2021. The contract value is Maximum annual Base Rentals $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%.

How much is the Zions Bank a Division of Zb National Association as Trustee contract with School Administrative District 49 worth?

The Zions Bank a Division of Zb National Association as Trustee contract with School Administrative District 49 is valued at Maximum annual Base Rentals $6,360,000; total repayment cost not to exceed $159,000,000; total aggregate principal amount of Base Rentals not to exceed $85,000,000; purchase price of 2021 Certificates not less than 98%, 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 school-administrative-district-49-resolution-2021-06-23_f65.pdf (Resolution), dated June 23, 2021 from School Administrative District 49. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Zions Bank a Division of Zb National Association as Trustee hold?

Zions Bank a Division of Zb National Association as Trustee 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 School Administrative District 49 currently buying?

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