Cupertino Union School District Board Agenda November 2024
District Approves 10-Year Lease to DELOR MONTESSORI at Serra Campus
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Description
Cupertino Union School District approved a 10-year lease agreement with DELOR MONTESSORI for the Serra campus, commencing July 1, 2025. Annual lease revenue for 2024-25 is $1,488,687, with future increases tied to CPI.
Contract Details
Contract Amount
$1,488,687.00 (FY 2024-25 lease; subject to annual CPI increase)
Vendor
DELOR MONTESSORI
Agency
Cupertino Union, CA
Contract Type
FACILITIES
Document Date
November 21, 2024
Contract Term
July 1, 2025 through June 30, 2035 (10 years)
Renewal Date
2035-06-30
Renewal Info
Prior leases were short-term (5 years or less); this agreement is a new 10-year term. Annual increases per February CPI.
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