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Meeting Date:
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12/21/2021 - 6:00 PM
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Category:
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Finance and Operations
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Type:
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Action
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Subject:
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10.10 Lease Agreement - Saint Casimir Roman Catholic Church
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Strategic Plans:
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Priority 1.5 1.5 Develop a capital strategy aligned with the Long-Range Facilities Plan and strategic plan to modernize all facilities, and plan for enrollment projections, academic programs, and community needs.
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Enclosure
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File Attachment:
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Summary:
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WHEREAS, the Board of Education desires to enter into a two-year Lease Agreement with Saint Casimir Roman Catholic Church located at 164 Nichols Street, Newark, NJ, for a term of March 1, 2022 to August 31, 2024, with a mutual renewal options for three additional one-year terms (“Lease”);
WHEREAS, the recommendation has been reviewed and approved by Ms. Valerie Wilson, School Business Administrator.
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Funding :
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Recommendation to the Board:
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NOW THEREFORE BE IT RESOLVED that the Newark Board of Education hereby accepts, approves, and authorizes the Lease in accordance with the terms and conditions of the Lease for a term of March 1, 2022 to August 31, 2024, and authorizes the Board President to execute the Lease with Saint Casimir Roman Catholic Church on behalf of the Board as follows:
Fit out Period
March 1, 2022 to August 31, 2022
Monthly: $5,000 per month (To be applied to utilities)
Total: $30,000 (Six Months)
Year One
September 1, 2022 to August 31, 2023
Monthly: $28,646
Annually: $343,752
Two Hundred Fifty (250) students
Use of: Lower Level (6,000 square feet) First Floor (8,000 square feet), and
Second Floor (13,500 square feet), for a total of 27,500 square feet.
Year Two
September 1, 2023 to August 31, 2024
Monthly: $43,990 per month
Annually: $527,880
Three Hundred (300) students
Use of: Lower Level (6,000 square feet), First Floor (8,000 square feet), Second Floor (13,500 square feet), and Third Floor (13,500 square feet) for a total of 41,000 square feet.
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Approvals:
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Recommended By:
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Signed By:
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Krystle Whitlock - Assistant Business Administrator
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Signed By:
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Valerie Wilson - School Business Administrator
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Signed By:
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Roger León - Superintendent
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Vote Results:
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| Original Motion | Member Hasani Council Moved, Member Daniel Gonzalez seconded to approve the Original motion 'NOW THEREFORE BE IT RESOLVED that the Newark Board of Education hereby accepts, approves, and authorizes the Lease in accordance with the terms and conditions of the Lease for a term of March 1, 2022 to August 31, 2024, and authorizes the Board President to execute the Lease with Saint Casimir Roman Catholic Church on behalf of the Board as follows:
Fit out Period
March 1, 2022 to August 31, 2022
Monthly: $5,000 per month (To be applied to utilities)
Total: $30,000 (Six Months)
Year One
September 1, 2022 to August 31, 2023
Monthly: $28,646
Annually: $343,752
Two Hundred Fifty (250) students
Use of: Lower Level (6,000 square feet) First Floor (8,000 square feet), and
Second Floor (13,500 square feet), for a total of 27,500 square feet.
Year Two
September 1, 2023 to August 31, 2024
Monthly: $43,990 per month
Annually: $527,880
Three Hundred (300) students
Use of: Lower Level (6,000 square feet), First Floor (8,000 square feet), Second Floor (13,500 square feet), and Third Floor (13,500 square feet) for a total of 41,000 square feet.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0. | | The motion Carried 8 - 0 | | | | | Josephine Garcia | Yes | | Dawn Haynes | Yes | | Asia J. Norton | Yes | | Shayvonne Anderson | Yes | | A'Dorian Murray-Thomas | Yes | | Hasani Council | Yes | | Vereliz Santana | Yes | | Daniel Gonzalez | Yes | |
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