Special Meeting/Workshop

1. Call to Order: 2:30 p.m.
2. Public Comments: None
3. RE1 Conditional Acceptance and Assumption of Lease
   Minutes: The leased facility at 1325 Gateway Boulevard is the location of the Survivors Charter School Boynton Campus.
   
   1325 Gateway, L.L.C. (Lessor) and Survivors Charter School, Inc. (Lessee) entered into a Lease Agreement on January 31, 2003 for 33,500 sq. ft.
   
   The initial terms of the Lease is for a seven (7) year period with a base annual rent of $460,625 ($13.75 per sq. ft. Triple Net) and an escalation clause of the greater of 4% or CPI yearly.
   
   The Lessor requested assurance from the School Board to assume the Lease during the pendancy of the Appeal and, in the event the School Board prevails, for the remaining term of the Lease.
   
   In the event Survivors Charter shall be reinstated as lessee under the Lease, the School Board shall have no further obligation or liability associated.
   
   Mr. Lynch questioned the cost per square foot, the term of the lease and whether the property could be bought.
   
   Mr. Williams provided Board Members with detailed information regarding the lease agreement and Mr. Moore reviewed the cost of the lease.
   
   Mr. Lynch suggested the District purchase the land as opposed to leasing and questioned if the lease is assignable. Mr. Moore stated the lease would be a new lease in our name.
   
   Mr. Williams outlined legal issues with regard to the assuming the lease.
   
   Mrs. Burdick questioned whether there would be a recommendation regarding the disposition of Survivors Charter School at the Alternative Education Meeting.
   
   
   Motions:
   

   I recommend the School Board approve the Conditional Acceptance and Assumption of Lease with 1325 Gateway, L.L.C. for facility located at 1325 Gateway Boulevard, Boynton Beach, Florida; and authorize the Chairman and Superintendent to sign all necessary documents.	-	PASS
   Vote Results:
   Motion: Paulette Burdick
   Second: Debra Robinson
   Tom Lynch	-	Aye
   Sandra Richmond	-	Aye
   Paulette Burdick	-	Aye
   Monroe Benaim	-	Aye
   Debra Robinson	-	Aye
   Bill Graham	-	Aye

   
   
4. Adjourn: 2:50 p.m.