02-28-2012 Special School Board Meeting
Agenda Item #43


Title
Florida Marketplace Lease Revisions

Discussion

Lease revision negotiations for the facility lease have been completed and reviewed by School District Attorney, Harold Bistline.

The Florida Marketplace lease is for 18,085 sq. ft. of space for the South Area Adult Education program. The Fifth Amendment increases the current rate of $8.50/sq. ft./yr. to $10.50/sq. ft./yr. effective 7/1/12 and ending 6/30/13. Reference attachment for details.



Recommendation
Authorize revisions to the existing lease for the Florida Marketplace that will increase the lease costs for the Florida Marketplace by $2.00/sq. ft./yr. beginning 7/1/12 and ending 6/30/13.

Meeting Date(s)
Information - 2/28/2012
Consent after Information3/13/2012

Authority for Action
FS general powers and duties of the School Board

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Other Sources

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
12/13$189,892Yes10020720012007900360000

Contact
John C. Wigley, Director of Adult/Community Education  X375


Attachment:  Fifth Amendment Lease for South Area Adult Ed..pdf