Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Lease Agreement topic
No spam. Unsubscribe anytime.
Board approves letter of intent for five-year lease at 5060 California Ave
Summary
The board approved a Letter of Intent for a multi-year lease at the school's office, authorizing a forthcoming five-year lease to expand into the full fourth floor at 5060 California Ave, Bakersfield; the LOI approval noted tenant improvements and clarification of term commencement remain to be finalized.
The Heartland Charter School Board approved a Letter of Intent to lease additional office space at 5060 California Ave in Bakersfield, authorizing staff to proceed toward a forthcoming five-year lease that would expand the school's occupied space to the entire fourth floor. Nathan Paugh moved the motion; Nicole Panero seconded it, and the board voted unanimously to approve the LOI.
Board members noted the lease will include clarifications about when the lease term begins because tenant improvements are needed before full occupancy. The LOI authorizes moving forward with negotiations and finalizing lease language; the formal lease document will specify term commencement and rent and will return to the board as required.
