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Meeting Date:
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7/25/2024 - 5:30 PM
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Category:
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REGULAR ITEMS OF BUSINESS
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Type:
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Action
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Subject:
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8. Action on a Request to Approve the Third 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 Third Amendment to the Lease Agreement - Lit'l Scholars Day Care
2. Second Amendment to the Lease Agreement - Lit'l Scholars Day Care
3. First Amendment to the Lease Agreement - Lit'l Scholars Day Care
4. Original Lease Agreement - Lit'l Scholars Day Care
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File Attachment:
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Background:
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Milwaukee Public 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 30 children.
Lease Term: September 1, 2024, through August 31, 2025
The lease rent revenue shall be as follows:
September 1, 2024 – August 31, 2025 = $44,751.20
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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 $44,751.20.
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Implementation and Assessment Plan
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Upon Board approval, the attached Third 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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The Administration recommends that the Board approve the Third 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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Sean Kane - Senior Director - Facilities & Maintenance Services
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Signed By:
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Michele Wilborn - Budget Analyst
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Signed By:
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Michael Harris - Chief School Administration Officer, Acting
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Signed By:
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Eduardo Galvan - Final Approver
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