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Meeting Date:
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Category:
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Type:
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Subject:
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13. Action on a Request to Approve the First Amendment to the Lease Agreement with Banner Day Learning Corp. at the 35th Street School Property Located at 3517 West Courtland Avenue |
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments:
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1. Proposed First Amendment to the Lease Agreement – Banner Day Learning Corp.
2. Original Lease Agreement – Banner Day Learning Corp. |
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File Attachment:
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Background:
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Milwaukee Pubic Schools and Banner have a long-standing relationship. Banner Preparatory School of Milwaukee (Banner Prep) was established in fall of 2006 to provide a continuum of services for students who have been expelled through a Central Services hearing process. Banner Prep is currently located at 3517 West Courtland Avenue. The current partnership contract specifies services for 125 behavioral reassignment seats in grades 9 through 12. The mission of Banner Prep is to provide an alternative small school setting for secondary-level students when academic and/or behavioral issues have become major barriers in a student’s success in school.
The Board approved a lease agreement with Banner Prep in June 2018. The Administration is requesting approval of the proposed First Amendment to the Lease Agreement with Banner Day Learning Corp. for a one-year term which aligns with the current partnership contract.
Lease Term: July 1, 2019–June 30, 2020
The lease rent revenue shall be as follows:
July 1, 2019–June 30, 2020 = $100,896.00 |
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Fiscal Impact Statement:
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There are no expenditures associated with this item. Total lease revenue for the lease term is $100,896.00. |
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Implementation and Assessment Plan: |
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Upon Board approval, the attached First Amendment to the Lease Agreement between Milwaukee Public Schools and Banner Day Leaning Corp. shall be executed. |
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Recommendation
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The Administration recommends that the Board approve the attached First Amendment to the Lease Agreement with Banner Day Learning Corp. |
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Approvals:
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Recommended By: |
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Signed By: |
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Travis Luzney - Director |
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Signed By: |
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Lynn Ruhl - Director of Financial Planning and Budget |
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Signed By: |
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Katrice Cotton, Ed.D. - Chief School Administration Officer |
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Signed By: |
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Rosana Mateo, Ph.D. - Deputy Superintendent |
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Signed By: |
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Keith Posley, Ed.D. - Superintendent |
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