Facility Options Sample Clauses

Facility Options. The school is in discussions with groups such as Xxxxxxx Companies, Xxxxxx Capital, and Building Hope among others, (see Appendix F6 – Performance & Xxxxxxx Letter of Support for more information) about purchasing a facility and creating a long term lease with a purchase option that includes a stair step rent schedule that would allow the school to build up enrollment until it can afford a full rent payment. XXX is also currently in preliminary discussions with leaders from both sites which are subject to further development upon receipt of evidence of an approved charter. Until a charter is granted, a specific arrangement cannot be established. At this time, however, the founding team has begun steps that will facilitate the process once a charter has been awarded. Additionally, our preliminary exploration indicates that rent costs at either facility fall within the projected cost per square foot that we used to generate our budget assumptions for the facilities line item. For an example of what DAI’s future lease agreement will entail, please see Appendix F9 – Lease Agreement Example.

Facility Options. The Veterans Park Community Center can be sectioned into several different size options to satisfy any event needs. Please note, every booking will require a $250 security and cleaning deposit that is refundable assuming no damage has been made to the Event Center. The security deposit and half of the total cost of the facility rental will be due at the time of booking. The remainder of the balance will be due one month prior to the event. All facility rates and times are listed on the following page. In the event you need additional time, a rate of $100/hour will be applied for each our needed outside of the standard rental time. Facility Rates/Rental Times: Facility Description Mon. – Wed. Rate (8AM – 12AM) Thurs. - Sun. Rate (8AM – 12AM) 501c3 Rate (8AM – 9PM) Veterans Room (Entire Facility) $450 $900 $450 Liberty/Patriot Room (1/2 Facility) $250 $450 $250 Independence/Victory Room (1/4 Facility) $150 $300 $250 Kitchen $100 $100 $100 Security/Cleaning Deposit (required) $250 $250 $250 Additional Time $100/per hour $100/per hour $100/per hour Stage Set-Up & Tear Down $100 $100 $100 White Chair Covers (50 chair minimum) $1/per chair $1/per chair $1/per chair Half of the total cost of the rental (including security deposit) is due at the time of booking. The remainder of the balance will be due one month prior to the event.

Facility Options