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Meeting Date:
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Category:
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Report of the Committee on Accountability, Finance, and Personnel |
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Type:
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Subject:
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6. Action on a Request to Approve the First Amendment to the Use and Maintenance Agreement with Boys and Girls Club at the Rogers Street Academy Property Located at 2430 West Rogers 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. Original Use & Maintenance Agreement – Boys & Girls Club
2. Original Attachment I - Schematics
3. Original Attachment II – MPS Cyclic Maintenance Schedule
4. Proposed First Amendment to the Use & Maintenance Agreement – Boys & Girls Club |
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File Attachment:
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Background:
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Milwaukee Public Schools and the Boys & Girls Club (BGC) have a long-standing relationship. MPS agreed to finance an addition to the existing facility at 2430 West Rogers Street and enter into a partnership with BGC. Terms and conditions were agreed to on June 21, 2004 as part of a 99 year Use & Maintenance Agreement.
MPS and BGC now desire to amend the Agreement to extend the time for the Parties to further negotiate the Capital and Ordinary Maintenance Expenses as hereinafter more specifically set forth. The Administration is requesting approval for the first Capital and Ordinary Maintenance Expenses negotiation period, as considered in the Agreement and beginning on the eighteenth (18th) anniversary of the Agreement’s Commencement Date (the “First Negotiation Period”), be extended to December 31, 2023. Once the expenses for the term are negotiated, the Administration will recommend another amendment to the Use & Maintenance agreement.
Agreement Term: June 21, 2004, through June 21, 2103
There is no lease revenue as part of the agreement |
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Fiscal Impact Statement:
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There are no expenditures associated with this item. |
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Implementation and Assessment Plan: |
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Upon Board approval, the attached First Amendment to the Use & Maintenance Agreement with Boys & Girls Club will be executed. |
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Recommendation
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Your Committee recommends that the Board approve the attached First Amendment to the Use & Maintenance Agreement with Boys & Girls Club. |
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Approvals:
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Recommended By: |
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Signed By: |
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer |
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