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Board adds and approves one-year extension of Good Shepherd lease, extends exclusive purchase right and sets new purchase price
Summary
The board voted to add a last-minute amendment extending the district—s lease on the Good Shepherd building for one year and to extend the district—s exclusive right to purchase the property for 120 more days. The amendment sets a new combined purchase price that includes the adjacent convent and updates near-term rent terms.
The board voted to add and then approve a one-year extension of the district—s lease on the Good Shepherd building and to extend its exclusive right to purchase the property.
Motion to add the Good Shepherd lease amendment
Board leadership moved to add a last-minute amendment to the agenda to extend the lease and exclusive purchase right for the property known as Good Shepherd. The board then voted to include the item on the agenda for immediate consideration.
Lease-extension and purchase-price details presented
During the finance committee discussion, administrators said the amendment extends the district—s current lease from 11/01/2025 through 10/31/2026 and extends the district—s exclusive right to purchase Good Shepherd for an additional 120 days. The district described a new purchase price of $1,522,000 that also includes the adjacent Saint John—s Convent. Administrators said the district—s rent will remain at the current level through 06/30/2026 and that an increased total of approximately $81,000 would apply for the remainder of the year if the purchase was not completed prior to that date.
Board vote and dissent
The motion to add the item to the agenda passed on roll call. Later roll-call voting on the consent agenda and the amendment showed the district approved the lease amendment but several board members recorded "no" votes on that specific item; one board member abstained from a separate consent item earlier in the meeting. The board did not publicly record a full named-by-name tally for every consent item in the discussion text beyond the roll-call confirmations captured in the meeting transcript.
Why it matters: The amendment preserves an additional 120-day exclusive purchase window and sets a concrete purchase price that would govern a possible acquisition of the property and nearby convent, an action that would affect facilities planning and capital decisions connected to the borough—s recreation plan partnership.
Next steps: District representatives said the short-term plan is to continue partnership discussions with the borough and pursue a purchase within the exclusive window; if the purchase closes the lease amendment provisions would be superseded by the purchase transaction.
