File #: 22-2733    Version: 1 Name: Joint Occupancy and Lease Agreement - District and City of Oakland - Library - Former Piedmont Child Development Center Site - Chief of Staff
Type: Agreement or Contract Status: Passed
File created: 11/19/2022 In control: General Counsel
On agenda: 11/30/2022 Final action: 11/30/2022
Enactment date: 11/30/2022 Enactment #: 22-2050
Title: Approval by the Board of Education of a Joint Occupancy and Lease Agreement by and between the District and the City of Oakland ("City"), for the latter to lease the former Piedmont Child Development Center for 50 years, commencing on December 31, 2022, in order for the City to construct and operate a library on the site and pay rent of $4,000.00 per month, with a 10% escalator every five years, with City having the option of up to two (2) five (5) year extensions of Lease (for a maximum term of sixty (60) years) at fair market value, each of which will be documented as a written amendment hereto executed by the Parties.
Attachments: 1. 22-2733 Joint Occupancy and Lease Agreement - District and City of Oakland - Library - Former Piedmont Child Development Center Site - Chief of Staff
Contact: Josh.Daniels@ousd.org

Title
Approval by the Board of Education of a Joint Occupancy and Lease Agreement by and between the District and the City of Oakland (“City”), for the latter to lease the former Piedmont Child Development Center for 50 years, commencing on December 31, 2022, in order for the City to construct and operate a library on the site and pay rent of $4,000.00 per month, with a 10% escalator every five years, with City having the option of up to two (2) five (5) year extensions of Lease (for a maximum term of sixty (60) years) at fair market value, each of which will be documented as a written amendment hereto executed by the Parties.