ISANA Cardinal Academy District Awards Facilities Contract to 2911 San Fernando Rd Llc (June 2025)

$150,000 per month with annual increases; $450,000 rent credit; $300,000 early termination fee in certain circumstances

FACILITIES

Initial term 3 years (6/16/2025 through 6/30/2028) with three 5-year extension options

2028-06-30

Initial 3-year term from 6/16/2025 to 6/30/2028, with three renewal options of 5 years each aligned with Octavia’s charter renewal cycle. ISANA may terminate without fee if LAUSD charter revision or zoning approvals are not obtained, or terminate with a $300,000 fee if charters are revoked or not renewed; ISANA also holds an option to purchase if the landlord sells.

Minutes