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Board extends lease with community radio station KZYX through June 2026; trustee recuses
Summary
Trustee disclosed a conflict and recused themself before discussion. The board extended a below‑market lease for KZYX through June 30, 2026, after staff outlined an updated fee that nets about $53.72/month after broadcast credit and explained the arrangement is treated as a partnership with in‑kind underwriting.
The board approved an amendment to the facility‑use agreement that extends a lease with community radio station KZYX through June 30, 2026. A trustee announced a conflict of interest and recused themself from comment and voting on the item before discussion began.
Staff explained the original lease dated to 2020 and said, given updated facility costs, the arrangement will move to a small monthly charge. "The monthly fee would be $53.72," staff said when describing the calculation after applying the existing broadcast credit. Board members asked about underwriting messaging, insurance and how far below market the arrangement sits. Staff characterized much of the support as an in‑kind partnership (underwriting and services) and said the agreement is structured to recoup actual costs so the lease is cost‑neutral for MCOE.
Trustees debated whether the value of below‑market occupancy should be quantified as in‑kind support; staff said an appraisal would normally be needed to determine a market rate but that because the facility is not put on the open market, the board instead reviews cost recoupment. A motion to approve the amendment passed with the recusal and an abstention noted.
