FACILITIESAPPROVED

Lake Tahoe Community College Board of Trustees Meeting Agenda 2026-05-12

USDA lease rent adjustment accepted for 2026-27

$114,826.42 ($2,445.02 annual increase to the District)Lake Tahoe Community CollegeUNITED STATES DEPARTMENT OF AGRICULTUREMay 12, 2026

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Description

Lake Tahoe Community College District will receive an adjusted annual rent of $114,826.42 from the United States Department of Agriculture for continued leasing of campus property to the U.S. Forest Service from June 1, 2026 through May 31, 2027. The 50-year lease includes CPI-based annual adjustments and supports capital project funding.

Contract Details

Contract Amount

$114,826.42 ($2,445.02 annual increase to the District)

Vendor

UNITED STATES DEPARTMENT OF AGRICULTURE

Agency

Lake Tahoe Community College, CA

Contract Type

FACILITIES

Document Date

May 12, 2026

Contract Term

Lease Number 1291S801L1901 / Lease Amendment PLA028; Lease Term June 1, 2001 - May 31, 2051; Annual rental rate term June 1, 2026 – May 31, 2027

Renewal Date

2027-05-31

Renewal Info

Original one-year lease beginning May 23, 2001 was converted at the federal government’s option to a continuous 50-year term through May 31, 2051 with 49 annual CPI-based rental adjustments; current action implements the 2026-2027 annual adjustment.

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