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Meeting Date:
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4/25/2019 - 6:30 PM
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Category:
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APPROVAL OF CONSENT AGENDA
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Type:
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Action
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Subject:
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CFA Lease Agreement: 2019 Rent Adjustment Addendum
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ACPS Division Objective :
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Objective 4 We will create and expand partnerships. Objective 5 We will optimize resources.
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Enclosure:
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2019 Rent Adjustment Addendum
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File Attachment:
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Summary:
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The summer of 2017 was the first year of the three year agreement between the CFA Institute and the School Board for the summer rental of Monticello High School. In accordance with the 2017 Lease Agreement, the rental fee calculation is based on the Consumer Price Index. The 2019 rental amount is $526,820.00, which is a 2.14% increase over the 2018 base rental amount. The 2019 rental period is June 24 through July 23. All other terms and conditions of the rental agreement remain in effect.
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Funding:
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The revenue from this arrangement, after expenses, will be included in the School Division's revenue stream for 2019.
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Recommendation:
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Approve the 2019 Rent Adjustment Addendum for the Lease Agreement for the 2019 rental of Monticello High School to the CFA Institute as outlined above, and authorize the School Board Chairman to sign the 2019 Rent Adjustment Addendum.
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Approvals:
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Recommended By:
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Signed By:
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Lindsay Snoddy - Director of Building Services
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Signed By:
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Joe Letteri - Director, Building Services
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Signed By:
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Rosalyn Schmitt - Chief Operating Officer
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Signed By:
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Dr. Matthew Haas - Superintendent
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