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Meeting Date:
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6/29/2023 - 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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13. Action on a Request to Approve the Second Amendment to the Lease Agreement with Lit'l Scholars Day Care at the Thurston Woods Campus Located at 3320 West Wren 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 Second Amendment to the Lease Agreement - Lit'l Scholars Day Care
2. First Amendment to the Lease Agreement - Lit'l Scholars Day Care
3. Original Lease Agreement - Lit'l Scholars Day Care
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File Attachment:
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Background:
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Milwaukee Pubic Schools and Lit’l Scholars Day Care have a long-standing relationship with the District and began leasing space to Lit’l Scholars Day Care in May 1996. Lit’l Scholars Day Care serves children from 6 weeks to 12 years of age. Current enrollment at the day care is approximately 25 children.
Lease Term: September 1, 2023, through August 31, 2024
The lease rent revenue shall be as follows:
September 1, 2023 – August 31, 2024 = $43,030.00
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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 $43,030.
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Implementation and Assessment Plan
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Upon Board approval, the attached Second Amendment to the Lease Agreement with Lit'l Scholars Day Care for the Thurston Woods Campus Property Located at 3320 West Wren Avenue will be executed.
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Recommendation:
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Your Committee recommends that the Board approve the Second Amendment to the Lease Agreement with Lit’l Scholars Day Care at the Thurston Woods Campus Located at 3320 West Wren Avenue.
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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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