12-13-2016 Regular School Board Meeting
Agenda Item #37


Title
Revised Lease of Huntington Lane Property to Brevard County

Discussion

On November 22, 2016 the School Board approved a lease to Brevard County for a 4.93 acre parcel of land on the west side of Huntington Lane in Rockledge.

Upon further review, the Brevard County Attorney notified the School District that the County is limited to a maximum lease term of 30 years (125.031 F.S.).  The lease has, therefore, been modified by the Brevard County Attorney as follows:  

The lease shall be for a term of thirty (30) years with two (2) automatic renewal terms of thirty (30) years each and a third renewal term of nine (9) years for a total of Ninety-Nine (99) years.  Upon five (5) years notice prior to the end of any term provided by either party this lease may be terminated.

An underline/strikethrough version of the revised lease is attached.  The School Board Attorney has reviewed and approved the revisions to the lease for form.

The revised lease will be considered by the Brevard County Commission at their meeting on December 6, 2016.   Their Agenda Item is attached for reference. 



Recommendation
Approve the revised lease to Brevard County for the 4.93 acre parcel of vacant land on the west side of Huntington Lane.

Meeting Date(s)
Consent w/o Information - 12/13/2016

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  321-633-1000 x450


Attachment:  Revised Lease Agreement.pdf
Attachment:  Brevard County Agenda Item - December 6, 2016.pdf