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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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14. Action on a Request to Approve the Second 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 Second Amendment to the Sublease Agreement – NOVA
2. First Amendment to the Sublease Agreement – NOVA
3. Original Sublease Agreement – NOVA |
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File Attachment:
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Background:
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Since June 2010, NOVA has leased space in the COA Goldin Center building. 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 an 18,016 square foot portion of the building and is interested in continuing the sublease agreement with NOVA for this space.
The Administration is requesting approval of the proposed second amendment to the sublease agreement with NOVA that will extend the lease term from July 1, 2021, through June 30, 2022, which aligns with the current partnership contract.
The sublease rent revenue shall be as follows:
July 1, 2021 – June 30, 2022 = $90,080 |
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Fiscal Impact Statement:
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There are no expenditures associated with this item. Total sublease revenue for lease term is $90,080. |
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Implementation and Assessment Plan: |
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Upon Board approval, the attached Second Amendment to the Sublease Agreement between Milwaukee Public Schools and NOVA will be executed. |
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Recommendation
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The Administration recommends that the Board approve the attached Second Amendment to the Sublease Agreement with NOVA at COA Goldin Center. |
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Approvals:
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Recommended By: |
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Signed By: |
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Tracey Parrish - Administrative Assistant III |
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Signed By: |
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Sean Kane - Design & Construction Mgr III |
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Signed By: |
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Ruzica Drca - Financial Planning & Budget Coordinator III |
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Signed By: |
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Katrice Cotton, Ed.D. - Chief School Administration Officer |
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Signed By: |
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Calvin Fermin - Deputy Superintendent |
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Signed By: |
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Keith Posley, Ed.D. - Superintendent |
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