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Elk Rapids Schools approves 10‑year lease with Yuba Historic Society for restored schoolhouse
Summary
The board approved a 10-year lease for the Yuba School with the Yuba Historic Society, setting a $0 base rent while the Society retains responsibility for renovations and certain operating, insurance and maintenance obligations; the lease includes a first‑refusal provision should the district seek to sell the property.
Elk Rapids Schools approved a lease agreement with the Yuba Historic Society for the Yuba School building at the board's Nov. 10 meeting.
The written lease included in meeting materials sets a 10‑year term commencing Nov. 10, 2025, with a base rent of $0. The lease states the Yuba Historic Society (the tenant) will fund and complete restoration work and will manage the site for permitted uses such as educational programs, a historical museum and school group functions. The agreement requires the tenant to carry insurance for its events and contents and to reimburse the district for any out‑of‑pocket expenses tied to the district’s use. The lease also details maintenance responsibilities, limits on alterations without written permission, and procedures for addressing damage from casualty events.
The lease contains provisions addressing an option to purchase if Elk Rapids Schools ever decides to sell: the Society would have a right of first refusal and an ability to bid under a process consistent with the Michigan School Code; the lease describes a formula referencing pre‑renovation assessed value, current fair market land value and renovations paid by the Society to inform any purchase price discussion. Trustee Scott Moore moved to approve the Yuba School Lease Agreement; Trustee Shana Wojtowicz seconded and the board voted Yea: 4, Nay: 0, Absent: 3.
