Action Item - 39.
Title: Lease Agreements with Various Lessors for Additional Space ($467,625.03)
Board of Education Meeting Date: 5/25/2023
|Action under consideration|
| ||The Administration recommends that the Board of Education authorize The School District of Philadelphia as Lessee, through the Superintendent or his designee, to execute and perform a lease agreement, subject to funding, as follows:|
St. John Cantius Parish
St. Paul’s Baptist Church
Building BOK, L.P.
| ||Purpose: |
Classroom and ancillary space for three District schools
| ||Start Date: 7/1/2023|
| ||End Date: 6/30/2024|
| ||Lease Amount not to exceed: $467,625.03|
| ||Location: |
Bridesburg Elementary School; Franklin Learning Center; Southwark School
The School District of Philadelphia's (District) Office of Real Property Management has identified a need to lease space for the named schools. Renewal of these leases ensures the District is able to support the various academic and recreational needs of at least 900 children attending these schools. These leases support the Division of Operations’ goal of promoting a safe and healthy environment for all students. St. John Cantius, and St. Paul’s lease reflects an increase of 5% which is comparable to the escalated market rate. There is no increase associated to BOK. The breakdown of payment is:
St. John Cantius Parish – rent - $383,429.79
St. John Cantius Parish – utilities - $55,000.
St. Paul’s Baptist Church – rent - $29,194.24
Building BOK, L.P. – rent - $1.
Goals and Guardrails:
Welcoming and Supportive Schools-Guardrail1: Every School will be a safe, welcoming and healthy place where our students, staff and community want to be and learn each day.
| ||Related resolution(s)/approval(s): |
April 30, 2020; No.31
June 24, 2021; No. 35
June 23, 2022; No.34
| ||Funding Source(s): |
| ||Office Originating Request: Operations - Facilities|