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Meeting Date:
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6/19/2018 - 6:30 PM
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Category:
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ITEMS OF BUSINESS
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Type:
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Action
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Subject:
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18. Action on a Request to Approve the First Amendment to the Sublease Agreement Between Milwaukee Public Schools and Northwest Opportunities Vocational Academy (NOVA) for Space at 2320 West Burleigh 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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1. Proposed First Amendment to the Sublease
Agreement – NOVA
2. Original Sublease Agreement – NOVA
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File Attachment:
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Background:
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Since June 2010, Northwest Opportunities Vocational Academy (NOVA) has leased space in the COA Goldin Center building, located at 2320 West Burleigh Street. The building was constructed under the Neighborhood Schools Initiative (NSI) and is currently owned by COA Youth and Family Centers. As a result of the NSI agreement, Milwaukee Public Schools has rights to occupy a portion of the building and is interested in continuing the sublease agreement with NOVA for this space.
This item seeks approval of the first amendment to the sublease agreement with NOVA at 2320 West Burleigh Avenue (COA Goldin Center) for 18,016 square feet, which is the portion of the building owned by COA that is the responsibility of Milwaukee Public Schools. The proposed sublease would provide an annual rent of $90,080 for the period of July 1, 2018, to June 30, 2021, which coincides with NOVA’s partnership contract with Milwaukee Public Schools.
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Fiscal Impact Statement:
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There are no expenditures associated with this item. Lease revenue for the term of this amended sublease agreement will be $270,240.
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Implementation and Assessment Plan
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Upon Board approval, the attached first amendment to the sublease agreement between Milwaukee Public Schools and NOVA shall be executed.
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Recommendation:
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The Administration recommends that the Board approve the attached first amendment to the sublease agreement with NOVA at the COA Goldin Center, located at 2320 West Burleigh Street.
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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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Wendell Willis - Director, MPS Foundation
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Signed By:
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Keith Posley, Ed.D. - Superintendent
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