Munster School Town Awards Financial Services Contract to Indiana Nonprofit School Building Corporations (September 2026)

The School Town of Munster adopted a resolution to pursue financing for its district-wide facility improvement and bus, vehicle, and equipment acquisition project. The plan calls for bonds and/or leases with Indiana nonprofit school building corporations, with total principal capped at $62 million.

Document date · September 14, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $62,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Maximum term not to exceed 30 years for each lease; bonds not to exceed 20 years from issuance

Renewal date

2056-09-14

Renewal

The proposed leases may begin when recorded and may run up to 30 years. The Board also contemplates first mortgage bonds and potential refunding of some or all of the first mortgage bonds.

Document type

Resolution

Source document

School Town of Munster Resolution Resolution No. 897 2027 Fifteen Year STM District-Wide Facility Improvement and Bus/Vehicle/Equipment Acquisition Project 2026-09-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Munster School Town?

Indiana Nonprofit School Building Corporations was awarded this financial services contract by Munster School Town, as recorded on September 14, 2026. The contract value is Not to exceed $62,000,000.

How much is the Indiana Nonprofit School Building Corporations contract with Munster School Town worth?

The Indiana Nonprofit School Building Corporations contract with Munster School Town is valued at Not to exceed $62,000,000, 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 School Town of Munster Resolution Resolution No. 897 2027 Fifteen Year STM District-Wide Facility Improvement and Bus/Vehicle/Equipment Acquisition Project 2026-09-14 (Resolution), dated September 14, 2026 from Munster School Town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Indiana Nonprofit School Building Corporations hold?

Indiana Nonprofit School Building Corporations 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 Indiana Nonprofit School Building Corporations's profile

What is Munster School Town currently buying?

Explore Munster School Town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Munster School Town's profile