FINANCIAL_SERVICESAPPROVED

Scottsboro City School District Awards Financial Services Contract to City of Scottsboro (June 2020)

The Scottsboro City Board of Education authorized a Funding Agreement with the City of Scottsboro tied to the issuance of a $9.78 million General Obligation Warrant, Series 2020-B. The agreement restructures prior funding arrangements to support school-related debt service and generate about $615,000 for public school capital improvements.

Document date · June 18, 2020

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$9,780,000 (principal amount of General Obligation Warrant, Series 2020-B)
Contract type
FINANCIAL_SERVICES
Contract term
Warrant dated July 2, 2020; Funding Agreement dated as of July 1, 2020
Renewal
The 2020 Funding Agreement further amends and restates a 2012 Funding Agreement and a 2013 Funding Agreement related to the City's school-purpose debt service; specific renewal or expiration provisions are not detailed in the minutes.
Document type
Meeting Minutes
Source document
scottsboro-city-school-district-meeting-minutes-2020-06-18_7ac.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 Scottsboro City School District?

City of Scottsboro was awarded this financial services contract by Scottsboro City School District, as recorded on June 18, 2020. The contract value is $9,780,000 (principal amount of General Obligation Warrant, Series 2020-B).

How much is the City of Scottsboro contract with Scottsboro City School District worth?

The City of Scottsboro contract with Scottsboro City School District is valued at $9,780,000 (principal amount of General Obligation Warrant, Series 2020-B), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in scottsboro-city-school-district-meeting-minutes-2020-06-18_7ac.pdf (Meeting Minutes), dated June 18, 2020 from Scottsboro City School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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