File #: 15-1575    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 9/30/2015 In control: Finance Committee
On agenda: 10/13/2015 Final action: 10/21/2015
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, 2016. Interest on the note shall be paid at maturity or redemption.
Attachments: 1. AASD 2015-2016 Bond Counsel Letter.pdf, 2. 2015-2016 School district Resolution Exhibit A-1.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, 2016.  Interest on the note shall be paid at maturity or redemption.