School Lease Amended for 2026 Bond-Funded Improvements
Western School CorporationSchool · Russiaville, IN- Disclosed value
- Additional annual rent not to exceed $2,900,000
- From contract
- Document date
- Apr 21, 2026
The 30-second brief
Western School Corporation amended its lease with Western School Building Corporation to support the issuance of 2026 Bonds and fund school facility improvements. The amendment establishes additional annual rent of up to $2.9 million, with payments beginning no earlier than June 30, 2027, and a lease term extending up to 22 years after the first bond issuance.
Western School Building Corporation holds this facilities contract with Western School Corporation.
Term as filed: Lease term ends 22 years after issuance of the first series of 2026 Bonds, or earlier as provided in a future addendum; additional rental payments commence no earlier than June 30, 2027, and end no later than 22 years thereafter.
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Contract details
- Contract type
- Facilities
- Amount
- Additional annual rent not to exceed $2,900,000
- Document date
- April 21, 2026
- Term
- Lease term ends 22 years after issuance of the first series of 2026 Bonds, or earlier as provided in a future addendum; additional rental payments commence no earlier than June 30, 2027, and end no later than 22 years thereafter
- Source document
- Western School Corporation Contract 2026 Amendment to Lease Agreement 2026-04-21 (Contract)
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Questions about this contract
Who was awarded the facilities contract by Western School Corporation?
Western School Building Corporation was awarded this facilities contract by Western School Corporation, as recorded on April 21, 2026. The contract value is Additional annual rent not to exceed $2,900,000.
How much is the Western School Building Corporation contract with Western School Corporation worth?
The Western School Building Corporation contract with Western School Corporation is valued at Additional annual rent not to exceed $2,900,000, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a contract record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Western School Corporation Contract 2026 Amendment to Lease Agreement 2026-04-21 (Contract), dated April 21, 2026 from Western School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Western School Building Corporation hold?
Western 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.
What is Western School Corporation currently buying?
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