Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board approves $ line of credit with Farmers Savings Bank at 3.53% APR
Board of Trustees, Mineral Point Schools · June 8, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Trustees authorized a line of credit from Farmers Savings Bank at a 3.53% APR; the motion carried unanimously (5–0).
The Mineral Point Schools board voted to approve a line of credit with Farmers Savings Bank at a 3.53% APR. Member Busch made the motion to approve the line of credit; the motion passed with a 5–0 roll call vote recorded in the minutes.
The minutes record the lender and the quoted APR but do not provide the maximum principal amount or draw conditions in the segments provided. District staff will be responsible for executing the agreement consistent with board authorization.
