Leases 3400 Malcolm Avenue to East Bay Innovation Academy, bringing in $248,909.10 in 2026-27
The district will let East Bay Innovation Academy, a charter school, use the 3400 Malcolm Avenue site for two years, July 1, 2026 through June 30, 2028, under a Proposition 39 in-lieu facilities agreement. The district expects $248,909.10 in 2026-27 and 1.5 times the 2027-28 Proposition 39 per-square-foot rate in 2027-28, for which no dollar figure is stated.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
- Vendor / partner
- East Bay Innovation Academy · Oakland, CA
- Action
- New agreement
- 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 1, 2026 – Jun 30, 2028
- This vote
- $248,909.10
- Presented by
- General Counsel
- File
26-0460· agendaO.-70- Outcome
- Adopted on the General Consent Report, Mar 25, 2026
| Year | Amount |
|---|---|
| 2026-27 | $248,909.10 |
Official text
Approval by the Board of Education of the In‐Lieu of Proposition 39 Facilities Use Agreement by and between the District and East Bay Innovation Academy for use of 3400 Malcolm Avenue, Oakland, CA 94605, as specified in the Agreement, for a two‐year term, for the period July 1, 2026 through June 30, 2028, with anticipated revenue to the District of $248,909.10 in Fiscal Year 2026-27 and 1.5 times the 2027-28 Proposition 39 per square foot rate during the 2027-28 Fiscal (school) Year.
History
- Adopted on the General Consent Report