HomeMy WebLinkAbout14 Lease of Cross Property Agenda Item # ,/
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Memorandum
To: Board of Directors
From: Peter Holzmeister
Date: February 1, 2002
Subject: Lease of Cross Property
We recently conducted a workshop discussion about leasing land to the School District
so they could continue to conduct the Truckee Community School. The land we would
lease is the Cross property at the Northeast corner of our headquarters building. There
was general agreement to lease the land subject to certain terms and conditions that
were to be set forth formally as preliminary to a final lease document, something that
could be communicated to the school District so they could move forward with their
plans. Following are the preliminary terms and conditions as discussed by the board
during the workshop:
1. The lease would be for a period of five years, renewable upon the agreement
of both parties.
2. The annual rental amount would nominal ($100)
3. The District would be held harmless and indemnified against any loss
4. The Truckee Community School sponsors would process the land use permit
through the Town procedures.
5. The Truckee Community School sponsors have the responsibility of informing
the neighborhood in the vacinity of the land and resolving their concerns through
the local School Board and/or the Town of Truckee
There may be other terms and conditions that need to be added by the Directors. If you
can adopt a set of terms and conditions I will send that document to the sponsors and
they will have some level of comfort to proceed with their plans.