FINANCIAL_SERVICESAPPROVED

Lawrence Township Metropolitan School District Awards Financial Services Contract to School Building Corporation of Lawrence Township (September 2022)

The Metropolitan School District of Lawrence Township approved an appropriation resolution tied to its lease financing arrangement with the School Building Corporation of Lawrence Township, enabling issuance of up to $25 million in first mortgage bonds. Up to $30 million in School Corporation Payments and investment earnings will fund the 2022/2023 High Schools Site and Outdoor Facility Improvement Project and related issuance costs.

Document date · September 12, 2022

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $25,000,000 (bond principal); appropriation not to exceed $30,000,000 from School Corporation Payments
Contract type
FINANCIAL_SERVICES
Renewal
The underlying lease, originally dated April 18, 2016, has been amended multiple times, and the Second Amendment to Lease extends the Building Corporation’s ownership of the premises through the term set forth in that amendment to support the 2022B/2023 bond issuance and project funding.
Document type
Resolution
Source document
lawrence-township-metropolitan-school-districtresolution2022-09-12_0c3.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lawrence Township Metropolitan School District?

School Building Corporation of Lawrence Township was awarded this financial services contract by Lawrence Township Metropolitan School District, as recorded on September 12, 2022. The contract value is Not to exceed $25,000,000 (bond principal); appropriation not to exceed $30,000,000 from School Corporation Payments.

How much is the School Building Corporation of Lawrence Township contract with Lawrence Township Metropolitan School District worth?

The School Building Corporation of Lawrence Township contract with Lawrence Township Metropolitan School District is valued at Not to exceed $25,000,000 (bond principal); appropriation not to exceed $30,000,000 from School Corporation Payments, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in lawrence-township-metropolitan-school-districtresolution2022-09-12_0c3.pdf (Resolution), dated September 12, 2022 from Lawrence Township Metropolitan School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does School Building Corporation of Lawrence Township hold?

School Building Corporation of Lawrence Township 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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What is Lawrence Township Metropolitan School District currently buying?

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