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Board to meet with KV Trust after questions about leases and a disputed payment
Summary
Board members raised concerns about unsigned lease addenda and approximately $10,700 in contested payments to the KV Trust, which owns the land and buildings used by Kings Valley Charter School. The board scheduled a meeting with the Trust to review documents and reconcile accounts.
Board members and staff discussed the relationship with the KV Trust, the landowner that holds the loans the charter pays through rent, and flagged documentation and accounting concerns.
A staff presenter explained the Trust owns site land and that the school pays rent to cover loans that were scheduled to end; several modular and property loans ended recently and rent…
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