Extends Kidango's lease at Castlemont High through 2026 with rent rising from $25,000 to $30,000 a year
Amendment No. 3 lets Kidango, Inc. keep using Buildings H and I at Castlemont High School for an early childhood education and family support program for low income children. The lease is extended from June 30, 2023 to June 30, 2026, and annual rent rises from $18,000 to $25,000 in 2023-24, $27,500 in 2024-25 and $30,000 in 2025-26. The district receives this rent.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
Notes on the official text
- The 2023-24 payment schedule lists the second installment as November 1, 2024, which appears to be a typo for November 1, 2023, since the other 2023-24 dates fall in 2023 and 2024 and the 2024-25 schedule has its own November 1, 2024 date.
- Vendor / partner
- Kidango, Inc.
- Action
- Amendment
- Category Categories and sub-categories are assigned by AI from each item's official text, using a fixed set of definitions. They can be wrong. How categories work
- Governance & board business
- Term
- Jul 8, 2020 – Jun 30, 2026
- This vote
- $30,000
- Schools
- Castlemont High School
- Funding
- Kidango, Inc.
- Presented by
- Deputy Chief, Facilities Planning and Management
- File
22-1657A· agendaT.-13- Outcome
- Adopted on the General Consent Report, Jun 28, 2023
| Year | Amount |
|---|---|
| 2023-24 | $25,000 |
| 2024-25 | $27,500 |
| 2025-26 | $30,000 |
Official text
Approval by the Board of Education of Amendment No. 3, Lease Agreement by and between District and Kidango, Inc., for the latter's continued use of Buildings H & I at Castlemont High School to provide an early childhood education and family support program to low income children in the Castlemont High School community, with rent amount of $18,000.00 in the (Amended) Agreement of 2022-2023 changed as follows: - For 2023-24, the annual rent is $25,000. Payment Dates: 25% by August 1, 2023; 25% by November 1, 2024; 25% by March 1, 2024; 25% by June 1, 2024. - For 2024-25, the annual rent is $27,500. Payment Dates: 25% by August 1, 2024; 25% by November 1, 2024; 25% by March 1, 2025; 25% by June 1, 2025. - For 2025-26, the annual rent is $30,000. Payment Dates: 25% by August 1, 2025; 25% by November 1, 2025; 25% by March 1, 2026; 25% by June 1, 2026. and extending the term of the Agreement from July 8, 2020 through June 30, 2023 to June 30, 2026. All other terms and conditions of the Agreement remain in full force and effect.
History
- Adopted on the General Consent Report