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Board hears explanation of 20-year lease update needed to accept $1 million federal grant for Monroe CTC
Summary
Board members were told the Monroe Career and Technical Institute lease must be updated to accept a $1 million federal grant; the lease extends for 20 years and does not otherwise alter the authority-district relationship.
Pleasant Valley board members were briefed that the Monroe Career and Technical Institute (MCTI) needs an updated lease covering the property to accept a $1 million federal grant. A board representative explained the sending districts do not own the MCTI property; the authority owns the buildings and land, and a revised lease is a federal-grant requirement.
Board member or liaison (identified in the meeting as…
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