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Meeting Date:
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8/26/2021 - 5:30 PM
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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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Action
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Subject:
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10. Action on a Request to Approve the Second Amendment to the Chilled Water Agreement with SP Milwaukee Propco1, LLC, at Golda Meir Upper Campus Located at 235 West Galena Street
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Strategic Plan Compatibility Statement:
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Goal 1 Academic Achievement
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Attachments
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1. Proposed Second Amendment to the Chilled Water Agreement
2. First Amendment to the Chilled Water Agreement
3. Original Chilled Water Agreement
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File Attachment:
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Background:
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On May 1, 1992, the Milwaukee Board of School Directors entered into an agreement with Schlitz Park Associates II, LP, to purchase chilled water for the air conditioning system at the Milwaukee Education Center located at 235 West Galena Street. Schlitz Park Associates II, LP, changed its name to SP Milwaukee Propco1, LLC, and the Milwaukee Education Center is now known as Golda Meir Upper Campus.
In 2015, the agreement renewed for an additional period of five (5) years through August 31, 2020. The Milwaukee Board of School Directors approved the first amendment to the chilled water agreement that extended the term from September 1, 2020, through March 31, 2021. The Administration is requesting approval of the proposed second amendment to the chilled water agreement with SP Milwaukee Propco1, LLC, that will extend the term from April 1, 2021, through March 31, 2024.
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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 second amendment to the Chilled Water Agreement with SP Milwaukee Propco1, LLC, at Golda Meir Upper Campus Located at 235 West Galena Street shall be executed.
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Recommendation:
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Your Committee recommends that the Board approve the Request to Approve the Second Amendment to the Chilled Water Agreement with SP Milwaukee Propco1, LLC, at Golda Meir Upper Campus Located at 235 West Galena Street.
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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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