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Meeting Date:
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2/24/2022 - 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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11. Action on a Request to Approve the Lease Agreement with Milwaukee Excellence Charter School for the Happy Hill School Located at 7171 W. Brown Deer Road
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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 Lease Agreement – Milwaukee Excellence at Happy Hill
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File Attachment:
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Background:
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The mission of Milwaukee Excellence is to educate students in grades 6 through 12 through rigorous academics and character education essentials for success so they can excel and graduate from four-year colleges and pursue the professions of their choice. The goal of Milwaukee Excellence is for its graduates to carry with them character traits formed by values and to be equipped with the scholarly habits necessary to navigate their personal lives while attending college.
The Administration is requesting approval of the proposed lease agreement with Milwaukee Excellence through a lease term from July 1, 2022, through June 30, 2026, which falls within with the charter term contract.
The lease rent revenue shall be as follows:
July 1, 2022 – June 30, 2023 = $318,493
July 1, 2023 – June 30, 2024 = $324,863
July 1, 2024 – June 30, 2025 = $331,360
July 1, 2025 – June 30, 2026 = $337,987
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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 $1,312,703.
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Implementation and Assessment Plan
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Upon Board approval, the attached Lease Agreement with Milwaukee Excellence Charter School for the Happy Hill School Located at 7171 W. Brown Deer Road will be executed.
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Recommendation:
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Your Committee recommends that the Board approve the Lease Agreement with Milwaukee Excellence Charter School for the Happy Hill School Located at 7171 W. Brown Deer Road.
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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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