AGENDA DATE: 6/3/2015
TITLE:
Title
Old Crozet School Arts (OCSA) lease for a portion of the Old Crozet Elementary School
BODY
SUBJECT/PROPOSAL/REQUEST: Authorize a public hearing to consider a proposed lease of a portion of the Old Crozet School to the OCSA
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Foley, Letteri, Davis, Herrick, Shadman, and Freitas
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: The Old Crozet Elementary School was built in 1924 and was used as a public school until 1990. From 1991 through 2007, the Charlottesville Waldorf School leased the facility. The facility was then vacant from 2007 until 2009, when the Board approved leases with the Old Crozet School Arts (OCSA) and the Field School of Charlottesville for separate portions of the facility. Currently the OCSA leases 4,826 square feet and the Field School of Charlottesville leases 13,270.23 square feet. Both have been excellent tenants.
STRATEGIC PLAN: Economic Prosperity: Foster an environment that stimulates diversified job creation, capital investment, and tax revenue that support community goals.
DISCUSSION: The fifth and final annual term of OCSA's existing lease expires on July 31, 2015. The OCSA has expressed an interest in continuing to lease its current space. The attached proposed lease (Attachment A) includes the following provisions: ? An initial one-year term beginning August 1, 2015 ? Automatic annual renewals unless written notice is given no later than 60 days prior to a term expiration ? An effective rental rate of $4.67 per square foot (consistent with the rate being charged the Field School of Charlottesville) and a rent escalator for subsequent years based on an inflation index ? A utility provision under which the County would provide water, sewer, electricity, and heating as part of the Tenant's rent ? A mechanism to add additional square footage to the leased space and a met...
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