15-0455 Approval by the Board of Education of the Binding Letter of Intent to Enter Into In Lieu of Proposition 39 Joint Use Agreement with Castlemont Primary Academy and Castlemont Junior Charter Schools ("Charter School"), on the Castlemont High School campus, 300 Building - 8601 MacArthur Boulevard, Oakland, California 94605 to commence July 1, 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 Charter School's option, subject to earlier termination if Charter School'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, based upon 23,265 square feet or $88,407.00 per year, if the Charter School exercises the option to extend the term an additional five years, during the five year option period the rate shall be the 2020-21 Prop 39 or equivalent rate.