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Meeting Date:
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5/11/2021 - 5:00 PM
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Category:
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Adoption of Consent Agenda
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Type:
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Action
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Subject:
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Approval of Bridge Highlands Ranch Amendment for Renewal of Current Lease and Lease of Additional Space
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End Statements:
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Enclosure
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Attachment #1: Seventh Amendment to Lease Agreement
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File Attachment:
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Summary :
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Douglas County School District currently leases 5,700 square feet of space at 8250 Park Meadows Drive in Lone Tree for Bridge Highlands Ranch. This lease is up for renewal. Additional space is also needed to support enrollment growth in the Bridge program. An additional 3,568 square feet of additional space adjacent to and located at 8202 Park Meadows Drive is available for lease.
Funding for the current annual lease is $78,603 and is funded by cash-in-lieu funds. Funding for the revised annual lease for the current space and additional space will be $127,806 in 2021-2022 and increases annually in accordance with the lease amendment and will be funded by cash-in-lieu funds.
Tenant finish of the additional space is estimated to cost $310,000 and will be funded by unassigned non-bond capital funds.
A lease amendment to renew the current lease and lease the additional space is forwarded to the Board of Education for approval.
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Funding:
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Recommendation:
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That the Board of Education approve the Amendment for Renewal of Current Lease and Lease of Additional Space for Bridge Highlands Ranch under adoption of Consent Agenda.
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Approvals:
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Recommended By:
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Signed By:
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Richard Cosgrove - Chief Operations Officer
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Signed By:
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Corey Wise - Superintendent
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