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Meeting Date:
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6/29/2017 - 6:30 PM
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Category:
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Reports and Communications from the Superintendent of Schools
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Type:
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Action
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Subject:
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4. Action on a Request to Approve a First Amendment to Extend the Lease Agreement with Carmen High School of Science and Technology at the Walker Multiplex located at 1712 South 32nd 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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Proposed First Amendment to Lease
Original Lease Agreement
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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 June 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 Walker Multiplex. The term of the current lease agreement is from July 1, 2012 through June 30, 2017. The Administration is interested in continuing our relationship with Carmen by extending the current term of the lease agreement.
The Administration is requesting approval to exercise the first extension option under the original lease agreement.
The extended lease term shall commence on July 1, 2017, terminating on June 30, 2019.
Lease rate schedule:
July 1, 2017 through June 30, 2018 = $240,447
July 1, 2018 through June 30, 2019 = $242,851
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Fiscal Impact Statement:
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There are no expenditures associated with this item. Projected total revenue from the lease rate schedule is $483,298.00
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Implementation and Assessment Plan
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Once approved by the Board the First Lease Amendment shall be executed.
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Recommendation:
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The Administration recommends that the Board approve the proposed First Amendment to the Lease Agreement between Milwaukee Public Schools and Carmen High School of Science and Technology.
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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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Wendell Willis - Director, MPS Foundation
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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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Dr. Darienne Driver - Superintendent
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