02-26-2008 Special School Board Meeting
Agenda Item #33


Title
F-21. Central Area Adult/Alternative Education Center Lease

Discussion
Existing lease expires on 6/30/08 and this recommendation allows for these programs to be accommodated in leased space in the City of Rockledge thru FY2012/2013.  Formalized lease document to be provided to the Board prior to the 2/26/08 Board meeting.

Recommendation

Authorize the Office of Facilities Services, in collaboration with the School Board Attorney, to finalize a 5 year lease extension for the existing 17,999 sq. ft. space in the Rockledge Business Center presently occupied by the Adult/Alternative Education programs. Lease terms as follows:

  • $14/sq./yr. for 17,999 sq. ft.
  • No annual rent increase over the lease term.
  • Cost for common area maintenance (CAM) to be included in rental rate of $14/sq. ft./yr.

Lease subject to required "No Appropriation Clause" which allows for lease termination in the event programs are not funded by the School District annually. 

 



Meeting Date(s)
Information - 2/12/2008
Consent after Information2/26/2008

Authority for Action
SREF 2.2

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Operating - Other

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
08/09$166,390No10010170010027900360000
08/09$85,596No10010170010027900360000

Contact

Ed Curry x450, Harold Bistline, Sandra Demmon, Judy Preston