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Board approves fourth amendment to state lease covering Duoson-area property
Summary
The board approved a fourth extension of state agency lease No. 21865 for property in the Duoson area, noting the 2018 original lease runs through the State Memo Board; Lafayette Parish holds about 70% of the lease, Acadia about 30%, and net annual revenue was estimated at roughly $12,000.
The Acadia Parish School Board approved the fourth amendment to state agency lease number 21865 for property described in the meeting as located in the Duoson area.
Board members and staff said the lease is a joint arrangement with Lafayette Parish, with Lafayette holding approximately 70% of the lease interest and Acadia about 30%. Staff indicated the original lease dates from 2018 and that the state memo board handled the initial agreement. A board member estimated the district receives around $12,000 per year from the lease; the speaker noted Lafayette’s portion is larger because it holds more property.
A motion to approve the amendment was made and seconded and carried by voice vote. The board member who moved the item asked the board to consider completing routine items before returning to executive session.
