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Board amends Goldenvoice lease; district, foundation transfer and use of funds remain under DOJ review
Summary
The Coachella Valley Unified School District on April 3 approved a one-year amendment to its lease agreement with Goldenvoice LLC that increases the district's annual lease payment and preserves a large donor contribution, but the district said the Coachella Valley Education Foundation cannot yet receive the donated funds pending Department of Justice review.
The Coachella Valley Unified School District board on April 3 approved an amendment and restatement of the lease agreement with Goldenvoice LLC for use of district property, including changes to the payment schedule and donor contributions, but the district said foundation rules and a pending Department of Justice review restrict access to the donated funds.
District staff described the contract amendment as a one-year agreement that increases the annual lease payment and keeps the donor contribution amount unchanged while clarifying where donated funds are to be deposited and how they may be spent. Staff said the contract requires donated monies to be provided to the district's…
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