15-0452 Approval by the Board of Education of the Binding Letter of Intent to Enter Into In Lieu of Proposition 39 Joint Use Agreement with Roses In Concrete Community Charter School ("RiC"), for the use of the former Tilden Elementary School site located at 4551 Steele Street, Oakland, CA 94619 to commence June 30, 2015, for a five year term, for the period from July 1, 2015 to June 30, 2020, with an option to renew for one additional five (5) year term at RiC's option, subject to earlier termination if RiC's program ceases to operate after a revocation, nonrenewal or surrender of the charter to the granting agency, and all appeals have been exhausted, at Facility Use Fee for the five year initial term of $3.80 per square foot, or a total $112,039.00 per year with a credit not to exceed three year's Facility Use Fee, using the 2015-16 Proposition 39 annual rate, for the costs of improvements agreed to by the Parties as necessary to make the site useable and a credit of one year's Facility Use Fee to undertake further Site improvements that are the sole responsibility of the District.