FACILITIESAPPROVED

ivy_tech_community_college_board_resolution_2025_5.pdf

Ivy Tech Renews Facilities Lease With DOC

$3,676.25 per month (2,595 sq. ft., base year)Ivy Tech Community CollegeINDIANA DEPARTMENT OF CORRECTIONDecember 4, 2025

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Description

The Ivy Tech Community College State Board of Trustees approved continuation of a facilities lease with the Indiana Department of Correction for 2,595 square feet in Plainfield at $3,676.25 per month. The lease runs from February 1, 2026, through January 31, 2027, with up to three one-year renewal options including scheduled rent increases.

Contract Details

Contract Amount

$3,676.25 per month (2,595 sq. ft., base year)

Vendor

INDIANA DEPARTMENT OF CORRECTION

Agency

Ivy Tech Community College, IN

Contract Type

FACILITIES

Document Date

December 4, 2025

Contract Term

February 1, 2026 – January 31, 2027, with up to three optional one-year renewal extensions

Renewal Date

2027-01-31

Renewal Info

Initial term from 2026-02-01 to 2027-01-31, with up to three optional one-year renewal extensions. Each renewal year includes an increase of $0.50 per square foot per year over the prior year rate. Renewals are at the College’s option and require execution of appropriate documents.

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