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4 Peaks tenant asks board for lease extension or six months' notice after sale/exchange put on ballot
Summary
Tenant representing a 4 Peaks building business asked the board for a 12‑month lease extension or at minimum six months' notice if the district moves to sell or exchange the property following a board vote to place the question on November’s ballot.
A representative for a tenant in the district-owned 4 Peaks elementary building asked trustees for a 12‑month lease extension — or at least six months' advance notice of any requirement to vacate — after learning at a recent meeting that the board had voted to put a sale/exchange of the property on the November ballot.
Kunal, who said his organization has operated from the 4 Peaks building for several years, told the board that packing up and relocating within five months would be "very, very difficult," noting investments in the building and staff. He asked the district to extend existing leases for at least 12 months or, if a shorter timeline is required, to guarantee six months' notice so tenants can make relocation plans.
District staff acknowledged the board’s November ballot timeline and that no sale could proceed without voter approval. Staff said the district inherited tenants after EVIT’s departure and that operating the building has been financially challenging. Trustees and staff expressed intent to work with tenants on options (including renegotiated lease terms or triple-net arrangements) and the superintendent planned to provide clarity to tenants by Sept. 1, with a goal of at least six months' notice if a sale process moves forward.
What happens next: staff committed to consult finance and legal counsel and to provide tenants clarity on lease terms or notice by Sept. 1; board members suggested possible rental structures to mitigate tenant cost and relocation hardship.
