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Meeting Date:
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Category:
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Type:
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Subject:
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12. Action on a Request to Approve the Second Amendment to Extend the Lease Agreement with Carmen High School of Science and Technology at the Northwest Secondary School Building located at 5496 North 72nd Street |
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments:
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Documents related to the lease agreement with Carmen High School of Science and Technology at the Northwest Secondary School Building are attached.
1. Proposed Second Amendment to the Lease Agreement – Carmen at Northwest
2. First Amendment to the Lease Agreement – Carmen at Northwest
3. Original Lease Agreement – Carmen at Northwest |
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File Attachment:
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Background:
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Carmen High School of Science and Technology (Carmen) is a college preparatory high school with a liberal arts curriculum that emphasizes science and engineering. Milwaukee Public Schools and Carmen have cultivated a long-term working relationship. In November 2012, the Milwaukee Board of School Directors approved a lease agreement between Milwaukee Public Schools and Carmen to operate a non-instrumentality charter school within the Northwest Secondary School Building. The initial term of the lease agreement commenced on July 15, 2013, and ended June 30, 2018, with an option to extend two additional five-year terms. The lease term was amended at the January 25, 2018, Board meeting to allow for the extension to be exercised for one year so it would align with the charter contract term. The new lease term commenced on July 1, 2018, and will terminate June 30, 2019.
The Administration is requesting approval of the proposed Second Amendment to the Lease Agreement for a three-year term to align with the charter term contract.
Lease Term: July 1, 2019, through June 30, 2022
The lease rent revenue shall be as follows:
July 1, 2019 – June 30, 2020 = $645,935
July 1, 2020 – June 30, 2021 = $658,854
July 1, 2021 – June 30, 2022 = $672,031 |
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Fiscal Impact Statement:
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There are no expenditures associated with this item. Total lease revenue for lease term is $1,976,820. |
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Implementation and Assessment Plan: |
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Upon Board approval, the attached Second Amendment to the Lease Agreement with Carmen High School of Science and Technology at the Northwest Secondary School Building will be executed. |
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Recommendation
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The Administration recommends that the Board approve the Second Amendment to the Lease Agreement with Carmen High School of Science and Technology at the Northwest Secondary School Building. |
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Approvals:
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Recommended By: |
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Signed By: |
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Travis Luzney - Director |
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Signed By: |
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Lynn Ruhl - Director of Financial Planning and Budget |
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Signed By: |
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Katrice Cotton, Ed.D. - Chief School Administration Officer |
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Signed By: |
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Rosana Mateo, Ph.D. - Deputy Superintendent |
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Signed By: |
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Keith Posley, Ed.D. - Superintendent |
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