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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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4. Action on a Request to Approve the Fourth Amendment to the Lease Agreement with Carmen High School of Science and Technology at Casimir Pulaski High School Located at 2500 West Oklahoma Avenue |
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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 Fourth Amendment to the Lease Agreement - Carmen at Pulaski High School
2. Third Amendment to the Lease Agreement - Carmen at Pulaski High School
3. Second Amendment to the Lease Agreement - Carmen at Pulaski High School
4. First Amendment to the Lease Agreement - Carmen at Pulaski High School
4. Original Lease Agreement - Carmen at Pulaski High School |
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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. Since 2015, representatives from Carmen and Casimir Pulaski High School (Pulaski) have worked together to align building space allocation at the high school to support program needs in an effort to continually support their knowledge-exchange partnership.
A lease agreement was approved between Milwaukee Public Schools and Carmen for a portion of Pulaski at the April 21, 2016, Board meeting. The initial term of the lease agreement commenced on July 15, 2016, and ended June 30, 2017, with an option to extend two additional five-year terms. The lease term was amended at the June 29, 2017, Board meeting to allow for the extension to be exercised for two years so it would align with the charter contract term. In January 2019, the Board approved the second amendment to the lease agreement for a two-year term. In June 2021, the Board approved the third amendment to the lease agreement for a five-year term. Carmen has requested that their leased space be reduced by 822 sf and utilize the current arrangement until June 30, 2026.
The Administration is requesting approval of the proposed fourth amendment to the lease agreement with Carmen that will extend the lease term from July 1, 2021, through June 30, 2026, which aligns with the charter term contract.
The lease rent revenue shall be as follows:
July 1, 2024 – June 30, 2025 = $519,754
July 1, 2025 – June 30, 2026 = $526,957 |
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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 $1,046,711 |
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Implementation and Assessment Plan: |
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Upon Board approval the attached Fourth Amendment to the Lease Agreement with Carmen High School of Science and Technology at Casimir Pulaski High School will be executed. |
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Recommendation
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The Administration recommends that the Board approve the Fourth Amendment to the Lease Agreement with Carmen High School of Science and Technology at Casimir Pulaski High School. |
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Approvals:
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Recommended By: |
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Signed By: |
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Sean Kane - Senior Director - Facilities & Maintenance Services |
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Signed By: |
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Nick Sinram - Director II, Financial Planning and Budget |
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Signed By: |
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Michael Harris - Interim Chief School Administration |
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Signed By: |
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Eduardo Galvan - Interim Superintendent |
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