FACILITIESAPPROVED

Walnut Township Local Schools Awards Facilities Contract to LESSOR (March 2026)

The Board approved a lease-purchase financing structure with an as-yet-undesignated lessor to fund up to $2.1 million in school facility improvements, including roof replacement and repairs at Millersport schools. The agreement includes initial and renewal lease terms through at least June 30, 2027, with total term capped at 30 years.

Status
APPROVED
Document date
March 9, 2026
Contract type
FACILITIES
Vendor
LESSOR
Agency
Walnut Township Local Schools · OH

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WithersRavenel logo
Derivita logo
Comcate logo
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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
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Principal component of rent not to exceed $2,100,000; initial appropriations up to $310,000 for rent through June 30, 2027
Contract type
FACILITIES
Contract term
Initial term ending June 30, 2026, with first renewal term ending June 30, 2027; total term may not exceed useful life of project and in no event more than 30 years
Renewal date
2027-06-30
Renewal
Lease-purchase will be structured with an initial term and annual renewal terms up to the useful life of the project but not exceeding 30 years; agreement terminates if the Board fails to appropriate funds for any renewal term.
Document type
Minutes
Source document
Walnut Township Local School District Board of Education Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Walnut Township Local Schools?

LESSOR was awarded this facilities contract by Walnut Township Local Schools, as recorded on March 9, 2026. The contract value is Principal component of rent not to exceed $2,100,000; initial appropriations up to $310,000 for rent through June 30, 2027.

How much is the LESSOR contract with Walnut Township Local Schools worth?

The LESSOR contract with Walnut Township Local Schools is valued at Principal component of rent not to exceed $2,100,000; initial appropriations up to $310,000 for rent through June 30, 2027, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Walnut Township Local School District Board of Education Meeting Minutes March 2026 (Minutes), dated March 9, 2026 from Walnut Township Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does LESSOR hold?

LESSOR may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Walnut Township Local Schools currently buying?

Explore Walnut Township Local Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Walnut Township Local Schools's profile

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