Current MCPS Bulding Leases downloaded from website on the Facility Plan agenda meeting held today

This chart was included with the agenda on the mcpsmt.org website. There were other documents also listed which one could download.

missoula schools watchdog is particularly interested in the Rattlesnake properties as msw believes that we need to keep ALL of our properties in order to house ALL grades and to allow for any possibility of future needs for a school building. If we run out of classroom space - we will need to either build more classrooms OR bus our children out of the Rattlesnake. Busing any grade out of the Rattlesnake has always been an unpopular idea.

 

CURRENT MCPS BUILDING LEASES

 

School

Total Sq. Ft.

Acres

Rent per Sq. Ft.

Monthly Lease Amount

Lease Term

Termination Notice/Renewal

Lessee

Prescott

25,100

2.3

1.24

$3,333

8/1/2009 - 7/31/2012

Either party may terminate with 90-day written notice. Lessee may terminate with 90-days written notice at conclusion of years 2, 3, and 4 of the term of lease. Rent to increase $5000 each ensuing year on Aug. 1st.

Missoula International Schools

2.19

$4,583

8/1/2012 - 7/31/2013

Board approved 7/12/2011

2.29

$4,792

8/1/2013 - 7/31/2014

"

2.39

$5,000

8/1/2014 - 7/31/2015

"

CPIU with 3% Cap

8/1/2015 - 7/31/2016

"

CPIU with 3% Cap

8/1/2016 - 7/31/2017

"

Mt. Jumbo

39,200*

5.3

2.25

$4,380

10/30/2005 - 10/30/2010

Lessee may renew for additional five years subject to discretion of Board

Walla Walla University

2.29

$4,748

10/30/2010 - 10/30/2015

Board approved 6/8/2010

CPIU with 3% Cap

Yearly increase

* Walla Walla University leases approx. 23,000 sq. ft. (59%) of Mt. Jumbo, and the remainder is used by MCPS for storage

Whittier

$1/year

8/1/2004 - 7/31/2014

Either party may terminate with 90-day written notice.

Head Start

Duncan Drive

1.32

$10 every 10 years

7/1/2000 - 6/30/2010

Either party may terminate with 90-day written notice. Lessor must notify in writing 90-days prior to June 30.

City of Missoula

Lowell Site

4.3

$1/year

9/1/1998 - 8/31/2008

Lessor may terminate with 30-day written notice.

Missoula City Parks and Recreation

Westside Park - Ground Lease

$1/year

9/1/2004 - 8/31/2044

City requested amendement for 40 year extension due to addition of splash deck. Board approved 11/11/2003

Lowell Site

Lessee may renew for additional ten years subject to discretion of Board.

Partnership Health Center

Ground Lease

10,730

$1/year

12/3/2012 - 12/3/2032

Board approved 12/3/2012