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2017 Series 3 Bonds – Post Closing Responsibilities

Post-closing, you will have several reports that will need to be filed with the VMBB and trustee. Shortly after the date of substantial completion of your project, you will need to file a Certificate of Project Completion form. This form should be signed by the borrower’s governing Board and distributed to:   Executive Director                                          U.S. […]

2017 Series 3 Bond Pool Requisition Announcement

2017 Series 3 Instructions for Requisitioning Loan Proceeds The VMBB will close on the 2017 Series 3 bonds on August 2, 2017. On that date, loan proceeds will be deposited into borrower accounts at U.S. Bank (“USB” or “trustee”).   If you have not already done so, please work with U.S. Bank to finalize account setup […]

Mid-Summer 2017 Series 3 Bonds – Trustee

The VMBB has chosen U.S. Bank (“USB”) to serve as the trustee for the 2017 Series 3 financing.   USB’s mailing address: U.S. Bank National Association Corporate Trust Services One Federal Street, 10th Floor Boston, MA 02110   You will be working with the following USB employees:   Account set up and investments – Andrew […]

2017 Series 1 & 2 Bond Pool Requisition Announcement

The VMBB closed on the 2017 Series 1 & 2 bonds today.  Loan proceeds were deposited into borrower accounts at U.S. Bank (“USB” or “trustee”).   If you have not already done so, please work with U.S. Bank for final account setup and to select your investment(s) (see Announcement dated 3/6/17 for more information).  You may […]

2017 Series 1 and 2 Bond Pool Announcement

Mid-Winter 2017 Series 1 and 2 Bonds -Trustee March 3, 2017 The VMBB has chosen U.S. Bank (“USB”) to serve as the trustee for the 2017 Series 1 & 2 financing. USB’s mailing address:  U.S. Bank National Association Corporate Trust Services One Federal Street, 10th Floor Boston, MA 02110 You will be working with the following […]

Mid-Winter 2017 Series 1 and 2 Bond Sale Timetable

The VMBB will be issuing bonds at the end of February, the proceeds of which will be used to make loans to municipalities for the construction and renovation of facilities and infrastructure.  The upcoming pool is expected to have 7 borrowers requesting $34.7 million in loans.   Two of the borrowers will be in the Bond […]

2016 Series 1 Bond Pool Requisition Announcement

2016 Series 1 Instructions for Requisitioning Loan Proceeds Once the July 20th bond closing is completed, loan proceeds will be deposited into borrower accounts at U.S. Bank (“USB” or “trustee”).   You may gain access to your loan proceeds by filing a Requisition and Certificate for Payment form with the trustee. The Requisition form can be […]