Lisle Community Unit School District Finance Committee Minutes Oct 2025
District Finances Sale of Tate Woods School to Kindi Academy
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Description
Lisle Community Unit School District 202 entered into a real estate sale and financing arrangement with Kindi Academy for the former Tate Woods Elementary School, totaling $2.56 million with roughly $1.5 million financed over 10 years at 6.34% interest. Annual payments of $198,109 are scheduled through 2033.
Contract Details
Contract Amount
$2,555,000 (sale price, including approximately $1,500,000 financed)
Vendor
KINDI ACADEMY
Agency
Lisle CUSD 202, IL
Contract Type
OTHER
Document Date
October 27, 2025
Contract Term
Approximate 10-year installment payment schedule from 2026 through 2033 at 6.34% interest
Renewal Date
2033-12-31
Renewal Info
Installment agreement specifies fixed annual principal and interest payments through 2033; no renewal is contemplated after the payoff of the financed balance.
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Related Contracts
Village of Lisle Planning and Zoning Commission Agenda Packet 2026-06-17
PENDINGlisle_community_unit_school_district_202_board_of.pdf
AMENDEDlisle_community_unit_school_district_no_202_financ.pdf
RECOMMENDEDLisle Community Unit School District 202 Finance Committee Meeting Agenda November 2024
ONGOINGlisle_community_unit_school_district_202_annual_fi.pdf
approvedMore from Lisle CUSD 202
lisle-cusd-202-meeting-minutes-2028-04-28_708.pdf
lisle-cusd-202-meeting-minutes-2028-04-28_7c1.pdf
Lisle Community Unit School District 202 Board Meeting May 2026
Lisle Community Unit School District 202 Staff Report May 2026
Lisle Community Unit School District 202 Board Meeting May 2026
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