Common use of Lease of Schools in Member Towns Clause in Contracts

Lease of Schools in Member Towns. (1) The District owns the Xxxxxxx Elementary School, the Littleville Elementary School, and the Regional Middle/High School and the land upon which they are located. (2) In the future, the District may lease additional facilities as needed, whenever the Committee determines that need exists and it is feasible to do so. Any leased facilities will be located within one of the member towns at a site or sites to be determined by the Committee. Any future lease shall contain a provision for the extension of the terms of the lease not in excess of twenty years, at the option of the Committee. There will be no charge for the leasing of any member town-owned facility. Other terms and conditions for leasing an additional school building will be expressed in lease agreements negotiated by the affected municipal officials and the District. (3) At any time in the future, if the Committee votes that a school building owned by the District or leased from a member town is no longer needed, said building and the land may be returned to the town in which it is located. The Committee and the member towns will negotiate the proportional distribution of both the assets and the liabilities related to the land, building, and the building contents.

Lease of Schools in Member Towns. (1) The District owns the Xxxxxxx Elementary School, the Littleville Elementary School, and the Regional Middle/High School and the land upon which they are located. (2) In the future, the District may lease additional facilities as needed, whenever the Committee determines that need exists and it is feasible to do so. Any leased facilities will be located within one of the member towns at a site or sites to be determined by the Committee. Any future lease shall may contain a provision provisions for the extension of the terms of the lease or license to use for an additional term or period not in excess of twenty years, at the option of the Committee. There will be no charge for the leasing of any member town-owned facility. Other All terms and conditions for leasing an additional school building will be expressed in lease agreements negotiated by the affected municipal officials and the District. (3) At any time in the future, if the Committee votes that a school building owned by the District or leased from a member town is no longer needed, said building and the land may shall be returned to the town in which it is located. The Committee and the member towns will negotiate the proportional distribution of both the assets and the liabilities related to the land, building, and the building contents.