05-14-2013 Regular School Board Meeting
Agenda Item #27


Title
South Area Adult Education Lease Extension

Discussion

The South Area Adult Education program has occupied leased space in The Florida Marketplace since 2006.  The current lease expires on June 30, 2013.  A one year lease extension at the same rental rate has been negotiated with the landlord. 

Term: July 1, 2013 to June 30, 2014.

Rent: 18,085 square feet (SF) at $8.00/SF base rent plus $2.50/SF for Common Area Maintenance (CAM) costs = $189,892.50.

The lease amendment has been reviewed and approved by the School Board Attorney.

Attachment: Sixth Amendment to South Area Adult Education Lease



Recommendation
Approve the Sixth Amendment to the South Area Adult Education lease at The Florida Marketplace to extend the lease for one (1) year, from July 1, 2013 to June 30, 2014 at a cost of $189,892.50.

Meeting Date(s)
Information - 4/23/2013
Consent after Information5/14/2013

Authority for Action
1001.42 F.S.

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Other Sources

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
13/14$189,892.50Yes10020720012007900360000

Contact

Dane Theodore, Assistant Superintendent / Facilities Services 633-1000 x450

Jeff Arnott, Director of Adult/Community Education  633-1000 x375




Attachment:  SIXTH AMENDMENT TO SOUTH AREA ADULT EDUCATION LEASE.pdf