Agenda Item #21
Florida Marketplace Lease Revisions
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 Fourth Amendment increases the current rate of $5/sq. ft./yr. to $8.50/sq. ft./yr. effective 7/1/11 and ending 6/30/12. Reference attachment for details.
This item was pulled from the May 24, 2011 consent agenda because the new square footage rate was calculated without the additional cost of $2.50 for CAM (Common Area Maintenance). CAM should have been added to the base rate of $6.00 per square foot.
Authorize revisions to the existing lease for the Florida Marketplace that will increase the lease costs for the Florida Marketplace by $3.50/sq. ft./yr. beginning 7/1/11 and ending 6/30/12.
Information - 5/10/2011
Consent after Information6/14/2011
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
John Wigley, Director, Adult/Community Education - 633-1000 x375
Cyndi Van Meter, Associate Superintendent - 633-1000 x300
Attachment: Florida Marketplace Lease Revisions.pdf