09-08-2015 Regular Board Meeting
Agenda Item #19


Title
Estoppel Certificate and Subordination Agreement for Edgewood Bus Lease

Discussion

Transportation Services leases a small portion of the Home Depot Plaza Shopping Center in Merritt Island to park buses.  The shopping center is being sold.  Estoppel Certificates and Subordination Agreements are routinely required from existing tenants in such transactions. 

The current owner has requested the School Board to execute the attached Estoppel Certificate and Subordination, Attornment and Non-Disturbance Agreement. 

The School Board Attorney has reviewed the attached documents and approved the form of the documents. 

Attachments: 
   Estoppel Certificate
   Subordination, Attornment and Non-Disturbance Agreement



Recommendation
Approve the attached Estoppel Certificate and Subordination, Attornment and Non-Disturbance Agreement for the existing lease at the Home Depot Plaza Shopping Center. 

Meeting Date(s)
Consent w/o Information - 9/8/2015

Authority for Action
1001.42 F.S.

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

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


Attachment:  Estoppel.pdf
Attachment:  SNDA.pdf