South Madison Community School Corporation Awards Facilities Contract to South Madison Elementary School Building Corporation (October 2026)

Scope & details

The full contract record, as filed.

Contract amount

Up to $7,500,000 per semiannual payment during renovation; thereafter $15,000,000 per year, payable in semiannual installments of $7,500,000

Contract type

FACILITIES

Contract term

30 years, beginning on the date the Lessor closes on its Ad Valorem Property Tax First Mortgage Bonds, Series 2026; terminates earlier upon purchase by the Lessee or payment/defeasance of applicable first mortgage bonds

Renewal

Lessee may renew the lease for a further like or lesser term under the same or similar conditions by providing written notice on a rental payment date before the lease expires.

Document type

Contract

Source document

South Madison Community School Corporation Contract Lease Agreement Maple Ridge Elementary School Renovations 2026-10-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by South Madison Community School Corporation?

South Madison Elementary School Building Corporation was awarded this facilities contract by South Madison Community School Corporation, as recorded on October 8, 2026. The contract value is Up to $7,500,000 per semiannual payment during renovation; thereafter $15,000,000 per year, payable in semiannual installments of $7,500,000.

How much is the South Madison Elementary School Building Corporation contract with South Madison Community School Corporation worth?

The South Madison Elementary School Building Corporation contract with South Madison Community School Corporation is valued at Up to $7,500,000 per semiannual payment during renovation; thereafter $15,000,000 per year, payable in semiannual installments of $7,500,000, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in South Madison Community School Corporation Contract Lease Agreement Maple Ridge Elementary School Renovations 2026-10-08 (Contract), dated October 8, 2026 from South Madison Community School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South Madison Elementary School Building Corporation hold?

South Madison Elementary School Building Corporation 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 South Madison Community School Corporation currently buying?

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