File #: 15-0456    Version: Name: Binding Letter of Intent In Lieu of Proposition 39 Joint Use Agreement – Lazear Charter School – Continuous Improvement Office
Type: Agreement or Contract Status: Passed
File created: 2/24/2015 In control: Board of Education
On agenda: 3/11/2015 Final action: 3/11/2015
Enactment date: 3/11/2015 Enactment #: 15-0349
Title: Approval by the Board of Education under the Community Recreation Act and Education Code section 17534 (b) ( Joint Use Lease Agreement if capital outlay improvements are made on school property for park and recreation purposes by public entities and nonprofit) of Binding Letter of Intent to enter into Ground Lease and Joint Use Agreement with Education for Change ("EFC"), for the use of the former OUSD School Site, Lazear Elementary School, located at 824-29th Avenue, Oakland, CA 94601 to commence July 1, 2015, for a twenty (20) year term, subject to earlier termination if Education for Change/Lazear's program ceases to operate after a revocation, nonrenewal or surrender of the charter to the granting agency, and all appeals have been exhausted, and two additional terms of ten (10) years each, exercisable only on mutual agreement of both the District and Education for Change, at the Facility Use Fee for the five year initial term of $3.80 per square foot, based upon 29,531 square feet ...
Attachments: 1. 15-0456 Binding Letter of Intent In Lieu of Proposition 39 Joint Use Agreement – Lazear Charter School – Continuous Improvement Office
Contact: Jacqueline.Minor@ousd.k12.ca.us
Title
Approval by the Board of Education under the Community Recreation Act and Education Code section 17534 (b) ( Joint Use Lease Agreement if capital outlay improvements are made on school property for park and recreation purposes by public entities and nonprofit) of Binding Letter of Intent to enter into Ground Lease and Joint Use Agreement with Education for Change ("EFC"), for the use of the former OUSD School Site, Lazear Elementary School, located at 824-29th Avenue, Oakland, CA 94601 to commence July 1, 2015, for a twenty (20) year term, subject to earlier termination if Education for Change/Lazear's program ceases to operate after a revocation, nonrenewal or surrender of the charter to the granting agency, and all appeals have been exhausted, and two additional terms of ten (10) years each, exercisable only on mutual agreement of both the District and Education for Change, at the Facility Use Fee for the five year initial term of $3.80 per square foot, based upon 29,531 square feet or $112,217.00 per year, with a cost of living adjustment incorporated in the rate adjustment; with the rate going up over time, around the consumer price index.