October 24, 2017
Agenda Item Title
Recommend Approval to Extend the Lease Term with a Third Party for an Additional Five Years to Continue to Use the Property to Operate the Harding University High School – RAM Academy or other Program. The Leased Property is Located at 3670 Dr. Carver Road, Charlotte, NC
Carol Stamper, Chief Operating Officer
Peggy Hey, Executive Director, Facilities Planning & Management
The Lease expires December 31, 2017. The proposed amendment will extend the current lease for an additional five years until December 31, 2022, at the same rental rate as the current rental rate. CMS can the terminate with 90 days notice.
The rental rate is $97,752 per year.
Agenda Item Type
Recommend approval to extend the lease term with a third party for an additional five years to continue to use the property to operate the Harding University High School – RAM Academy or other program. The leased property is located at 3670 Dr. Carver Road, Charlotte, NC