File #: 19-1690    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 11/1/2019 In control: Finance Committee
On agenda: 11/11/2019 Final action: 11/20/2019
Title: Request to enter into Intergovernmental Agreement with Appleton Area School District to borrow short term cash in an amount not to exceed $17,500,000 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, 2020. Interest on the note shall be paid at maturity or redemption.
Attachments: 1. AASD 2019-2020 Master Note Agreement.pdf, 2. AASD 2019-2020 Bond Council Letter.pdf

Title

Request to enter into Intergovernmental Agreement with Appleton Area School District to borrow short term cash in an amount not to exceed $17,500,000 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, 2020.  Interest on the note shall be paid at maturity or redemption.