15-0454 Approval by the Board of Education of the Binding Letter of Intent to Enter Into In Lieu of Proposition 39 Joint Use Agreement Leadership Preparatory School ("LPS"), on the Castlemont High School campus, 100 Building - 8601 MacArthur Boulevard, Oakland, California 94605 to commence July 1, 2015, for a three year term, for the period from July 1, 2015 to June 30, 2018, with an option to renew for one additional five (5) year term at LPS' option, subject to earlier termination if LPS' 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 2015-16, 2016-17 and 2017-18, of $3.80 per square foot, based upon 40,581 square feet or a total $154,207.00 per year, if LPS exercises the option to extend the term an additional five years, during the five year option period the rate shall be the 2018-19 Prop 39 or equivalent rate.