Big Walnut Local Schools Awards Financial Services Contract to Village of Galena (January 2026)

Big Walnut Local School District entered into a School Compensation Agreement with the Village of Galena tied to a tax increment financing (TIF) district on the former Arrowhead Golf Course property. Under the agreement, Galena will make annual payments to the district based on enrolled pupils from the TIF property and the district’s per-pupil operating expenditures, up to the value of foregone school property tax revenues. The agreement remains in force for the duration of the TIF exemption and governs dispute resolution and arbitration between the parties.

Document date · January 1, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Effective upon execution in 2026 and remaining in effect for the period of the TIF exemption pursuant to the TIF Ordinance

Renewal

Agreement remains in effect for the period of the TIF exemption; any amendment must be in writing and approved through legal process by all parties. No automatic renewal, but term tracks the statutory TIF exemption period.

Document type

Agreement

Source document

Big Walnut Local School District and Village of Galena School Compensation Agreement 2026-01-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Big Walnut Local Schools?

Village of Galena was awarded this financial services contract by Big Walnut Local Schools, as recorded on January 1, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Big Walnut Local School District and Village of Galena School Compensation Agreement 2026-01-01 (Agreement), dated January 1, 2026 from Big Walnut Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Village of Galena hold?

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

View Village of Galena's profile

What is Big Walnut Local Schools currently buying?

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