Legislation Details

File #: 26-1241    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 9/18/2026 In control: Finance Committee
On agenda: 9/21/2026 Final action: 10/7/2026
Title: Request to enter into Intergovernmental Agreement with Appleton Area School District to borrow short term cash in an amount not to exceed $20 million from time to time as needed. The note shall be dated as of date of issuance, shall bear interest at the rate of 2% above the average Federal Funds rate from its dated date until paid; and shall mature no later than June 30, 2027. Interest on the note shall be paid at maturity or redemption.
Attachments: 1. AASD Board's Borrowing Resolution adopted September 28, 2026.pdf, 2. 2027 MEMO - AASD Intergovernmental Loan Agreement.pdf, 3. Appleton Area SD - 26-27 LOC - Borrowing Documents.pdf, 4. AASD Resolution Documentation.pdf

Title

Request to enter into Intergovernmental Agreement with Appleton Area School District to borrow short term cash in an amount not to exceed $20 million from time to time as needed. The note shall be dated as of date of issuance, shall bear interest at the rate of 2% above the average Federal Funds rate from its dated date until paid; and shall mature no later than June 30, 2027. Interest on the note shall be paid at maturity or redemption.