REGIONAL SCHOOL DISTRICT. This agreement is entered into pursuant to Chapter 71 of the Massachusetts General Laws (M.G.L.) as amended, between the towns of Halifax, Kingston and Plympton (hereinafter each referred to individually as a “Town” or collectively as the “Towns”) to form the Silver Lake Regional School District referred to as “District” and amends in its entirety the agreement initially established in 1951. In consideration of the mutual promises herein contained, it is hereby agreed as follows:
REGIONAL SCHOOL DISTRICT. The lease shall contain a provision for the extension of the term thereof for a renewal term not in excess of twenty (20) years, renewable at any time during the term, at the option of the Committee by notice to the town at least one year prior to the expiration of the initial or any renewal term; and each lease shall contain provisions for termination of the lease. If, at any point during the term of the lease, either school is no longer required for educational purposes by the District, said lease shall cease and control will resort back to the respective town. The lease shall contain provisions authorizing the District to insure, repair, improve, alter or remodel the buildings presently known as Freetown Elementary School and Assawompset Elementary School. No rental fee shall be charged to the District by either member towns however, the Committee shall bear all costs for insurance, routine maintenance and repair, utilities, and other services as needed for day-to-day operations. Extraordinary expenditures of a capital nature in excess of five thousand dollars ($5,000) required to operate the building for its intended use, as approved by member towns at the annual or special town meeting, shall be the responsibility of the member towns. The lease shall contain a warranty that the building shall be in good condition at the time of leasing to the District, on the terms as set forth in the lease. The lease involving a member town shall be on such other terms and conditions as may be determined by the Selectmen thereof and the Committee, who shall execute the lease for the member town and the District, respectively. The unpaid balance on the outstanding bonds (school bonds authorized for the purpose of constructing or improving the above-mentioned facilities) at the time of leasing of said buildings and facilities shall remain the obligation of the member towns.
REGIONAL SCHOOL DISTRICT
