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Agenda Item
T.-124 23-2601 Approval by the Board of Education of the In Lieu of Proposition 39 Facilities Use Agreement by and between the District and Community School for Creative Education Charter School for use of the 2111 International Blvd Campus, as specified in the Agreement, for a three-year term, for the period July 1, 2024 through June 30, 2027:
For 25,141 square feet: 2024-25 Proposition 39 per square foot rate of $4.56 during the 2024-25 fiscal year; 1.05 times the 2025-26 Proposition 39 per square foot rate during the 2025-26 fiscal year; and 1.10 times the 2026-27 Proposition 39 per square foot rate during the 2026-27 fiscal year; and
For 1,369 square feet, including utilities: two (2) times the 2024-25 Proposition 39 per square foot rate of $4.56 during the 2024-25 fiscal year; and two (2) times the 2025-26 Proposition 39 per square foot rate during the 2025-26 fiscal year; and two (2) times the 2026-27 Proposition 39 per square foot rate during the 2026-27 fiscal year.
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*Anticipated revenue to the District of $139,057 in 2024-25.