Buckeye Valley Local Schools Awards Financial Services Contract to LESSOR (August 2025)

The Board approved entering into a Base Lease and Lease-Purchase Agreement with a third-party Lessor to finance up to $15,000,000 of school facility construction and improvements through a long-term lease-purchase structure. The lease terms allow annual renewal up to 15 years, with the base lease potentially extending five years beyond the final renewal term.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Initial term until June 30 of the fiscal year of execution, with one-year renewal options up to a maximum 15-year term; base leasehold may run up to five years beyond final renewal term

Renewal

Initial term runs to June 30 of the fiscal year of execution, with the Board having the right to renew the Lease-Purchase Interest for successive one-year (or partial-year) terms up to a maximum of 15 years from the Agreement date. Base leasehold term may run up to five years beyond the final renewal term and Agreement terminates if funds are not appropriated for any renewal term.

Document type

Resolution

Source document

Buckeye Valley Local Schools Resolution Certificates of Participation (School Facilities Project), Series 2025 2025-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Buckeye Valley Local Schools?

LESSOR was awarded this financial services contract by Buckeye Valley Local Schools, as recorded on August 20, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Buckeye Valley Local Schools Resolution Certificates of Participation (School Facilities Project), Series 2025 2025-08-20 (Resolution), dated August 20, 2025 from Buckeye Valley 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 Buckeye Valley Local Schools currently buying?

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

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