05-10-2011 Regular 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 for 18,085 sq. ft. of space for the South Area Adult Education program.  The Fourth Amendment increases the current rate of $5/sq. ft./yr. to $6/sq. ft./yr. effective 7/1/11 and ending 6/30/12. Reference attachment for details.



Recommendation
Authorize revisions to existing lease for the Florida Marketplace that will increase the lease costs for the Florida Marketplace by $1/sq. ft./yr. beginning 7/1/11 and ending 6/30/12.

Meeting Date(s)
Information - 5/10/2011
Consent after Information5/24/2011

Authority for Action
SREF 2.2

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Other Sources

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
11/12$108,510Yes10020720012007900360000

Contact
Cyndi Van Meter, Associate Superintendent - 633-1000 x300


Attachment:  Florida Marketplace Lease Revisions.pdf