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Lisle Community Unit School District 202 Finance Committee Meeting Agenda November 2024

Tate Woods Elementary Sold to Kindi Academy via 10-Year Financing

$2,555,000 (financing: approx. $1,500,000 over 10 years at 6.34%)Lisle CUSD 202KINDI ACADEMYNovember 25, 2024

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

Lisle CUSD 202 completed the sale of Tate Woods Elementary to Kindi Academy for $2,555,000, with the majority financed via a ten-year installment loan at 6.34%. Principal and interest payments will be made through 2033.

Contract Details

Contract Amount

$2,555,000 (financing: approx. $1,500,000 over 10 years at 6.34%)

Vendor

KINDI ACADEMY

Agency

Lisle CUSD 202, IL

Contract Type

OTHER

Document Date

November 25, 2024

Contract Term

Installment payments through 2033

Renewal Date

2033-12-31

Renewal Info

Installment contract continues through 2033; annual payments required until maturity.

More from KINDI ACADEMY

Related Contracts

Village of Lisle Planning and Zoning Commission Agenda Packet 2026-06-17

PENDING
Town of Lisle (Illinois)June 17, 2026

lisle_community_unit_school_district_202_board_of.pdf

AMENDED
Lisle CUSD 202 (Illinois)$2,555,000 (original purchase price) less $74,495 credit and $465,000 credit; principal financed $1,464,405 at 6.34% for 10 years; $500,000 cash due at closing; approximately $516,000 interest over life of loan; $16,509 monthly installmentsNovember 24, 2025

Lisle Community Unit School District Finance Committee Minutes Oct 2025

ONGOING
Lisle CUSD 202 (Illinois)$2,555,000 (sale price, including approximately $1,500,000 financed)October 27, 2025

lisle_community_unit_school_district_no_202_financ.pdf

RECOMMENDED
Lisle CUSD 202 (Illinois)September 22, 2025

lisle_community_unit_school_district_202_annual_fi.pdf

approved
Lisle CUSD 202 (Illinois)NAJune 30, 2024

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