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Board announces unanimous approval of $1.2 million lease termination with IRC
Summary
At the workshop start the board reported it had approved in closed session a lease‑termination agreement with IRC for $1.2 million; signed copies will be made available after execution.
At the start of the open workshop the board reported it had reconvened from closed session and taken action on a real‑estate matter. President Hernandez Alexander said the board "met in close session relative to real estate property negotiations with respect to item C1" and that "the board by a vote of unanimous approved the lease termination with the IRC in the amount of $1.2 million." The chair said copies of the termination agreement would be available after both parties sign.
The report was presented as a closed‑session disclosure pursuant to board practice; the board did not discuss negotiation details in open session beyond the amount and that documentation would be released once executed.
