LEASE-LEASEBACK CONTRACTSLease-Leaseback Contracts • July 26th, 2019
The district may lease currently owned district property to any person, firm, or corporation for a minimum of $1 per year, as long as the lease requires the person, firm, or corporation to construct a building or buildings on the property for the district's use during the lease and the property and building(s) will vest in the district at the expiration of the lease ("lease-leaseback"). (Education Code 17406)
LEASE-LEASEBACK CONTRACTSLease-Leaseback Contracts • April 5th, 2023
The district may lease currently owned district property to any person, firm, or corporation for a minimum of $1 per year for a term not to exceed 99 years, as long as the lease requires the person, firm, or corporation to construct a building or buildings on the property for the district's use during the lease and the property and building(s) will vest in the district at the expiration of the lease ("lease-leaseback"). (Education Code 17406)
LEASE-LEASEBACK CONTRACTSLease-Leaseback Contracts • August 23rd, 2017
The District may lease currently owned District property to any person, firm, or corporation for a minimum of $1 per year, as long as the lease requires the person, firm, or corporation to construct a building or buildings on the property for the District’s use during the lease and the property and building(s) will vest in the District at the expiration of the lease (“lease-leaseback”). (Education Code 17406)
