Ivy Tech Community College Awards Facilities Contract to Henry County Commissioners (December 2022)

Ivy Tech’s State Trustees approved acceptance of a donated 3.99-acre property at 3325 S Memorial Drive, New Castle, from the Henry County Commissioners for the Muncie Campus. The donation agreement outlines tiered sharing of any future sale proceeds over the first 15 years, with the College retaining full proceeds thereafter.

Document date · December 8, 2022

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Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Donation agreement with tiered revenue sharing over Years 1–15; College keeps full sale proceeds in Year 16 and beyond

Renewal

Donation agreement governs revenue sharing if the College sells the property: Years 1–5 (75% Henry County / 25% College), Years 6–10 (50/50), Years 11–15 (25% Henry County / 75% College), and Years 16+ (100% College). No renewal date, as this is a property transfer.

Document type

Minutes

Source document

Ivy Tech Community College State Board of Trustees Meeting Minutes December 2022

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Ivy Tech Community College?

Henry County Commissioners was awarded this facilities contract by Ivy Tech Community College, as recorded on December 8, 2022.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Ivy Tech Community College State Board of Trustees Meeting Minutes December 2022 (Minutes), dated December 8, 2022 from Ivy Tech Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Henry County Commissioners hold?

Henry County Commissioners 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 Henry County Commissioners's profile

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