NIDEC CRA compensation payments continue to district | Cuyahoga Heights Local Schools | NIDEC

Scope & details

The full contract record, as filed.

Contract amount

Compensation amounts based on actual property tax value, with the school district receiving 50% from local taxes and 50% from Village payroll tax payments; specific payments include three deferral payments of $7,393.97 each and subsequent annual payments of $22,502.41, $21,900.69, and $16,959.86

Contract type

FINANCIAL_SERVICES

Contract term

15-year Community Reinvestment Area (CRA) agreement approved 4/24/19; payments due by March 31 of the year following each tax year, through approximately tax year 2033–2034

Renewal date

2035-03-31

Renewal

The CRA with NIDEC is a fixed 15-year agreement beginning in 2019, with annual payments due by March 31 of the year following each tax year; the report does not mention any renewal or extension rights beyond this term.

Document type

Report

Source document

Cuyahoga Heights Schools Capital Projects Activity Report 2026-06-30

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Cuyahoga Heights Local Schools, OhioThree deferral payments of $7,393.97 each for Tax Year 2020 plus subsequent annual compensation (e.g., $22,502.41 for Tax Year 2023; $21,900.69 for Tax Year 2024)Apr 27, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cuyahoga Heights Local Schools?

NIDEC was awarded this financial services contract by Cuyahoga Heights Local Schools, as recorded on June 30, 2026. The contract value is Compensation amounts based on actual property tax value, with the school district receiving 50% from local taxes and 50% from Village payroll tax payments; specific payments include three deferral payments of $7,393.97 each and subsequent annual payments of $22,502.41, $21,900.69, and $16,959.86.

How much is the NIDEC contract with Cuyahoga Heights Local Schools worth?

The NIDEC contract with Cuyahoga Heights Local Schools is valued at Compensation amounts based on actual property tax value, with the school district receiving 50% from local taxes and 50% from Village payroll tax payments; specific payments include three deferral payments of $7,393.97 each and subsequent annual payments of $22,502.41, $21,900.69, and $16,959.86, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Cuyahoga Heights Schools Capital Projects Activity Report 2026-06-30 (Report), dated June 30, 2026 from Cuyahoga Heights Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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NIDEC 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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