Lakota Plans Property Exchange With Merus RE LLC

The Board of Education of Lakota School District entered into a planned property exchange agreement with Merus RE LLC involving approximately 7.39 acres from the developer and 11.05 acres from the School District. No monetary consideration will be exchanged, and Merus is expected to provide replacement baseball, softball, and tennis facilities as part of the broader development project.

Document date · September 24, 2026

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Scope & details

The full contract record, as filed.

Contract amount

No monetary consideration exchanged; property exchanged for property of deemed equivalent value

Contract type

OTHER

Contract term

Effective Date in 2026 through closing, subject to termination if the Acquisition PSA terminates or closing does not occur on or before August 31, 2027

Renewal date

2027-08-31

Renewal

No renewal provision stated. The agreement may terminate automatically if the Acquisition PSA terminates or the related closing does not occur by August 31, 2027; the parties may also extend closing in certain circumstances for up to four additional 30-day periods.

Document type

Agreement

Source document

Board of Education of Lakota School District Agreement Property Exchange Agreement 2026-09-24

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APPROVED

Southwest Licking Local Schools, OhioApproximately $108,000,000 total project investment; 75% real property tax exemption for 15 years per building (as requested in application)Jul 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Lakota Local Schools?

Merus Re Llc was awarded this government contract by Lakota Local Schools, as recorded on September 24, 2026.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Board of Education of Lakota School District Agreement Property Exchange Agreement 2026-09-24 (Agreement), dated September 24, 2026 from Lakota Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merus Re Llc hold?

Merus Re Llc 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 Merus Re Llc's profile

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