Champaign-Urbana Mass Transit District Lease Extension Agreement April 2026
Lease extension executed for school use of transit facility
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Description
Champaign-Urbana Mass Transit District and Urbana School District #116 executed an April 2026 Lease Extension to continue the existing facility lease from July 1, 2026 through June 30, 2028. The agreement provides three additional one-year renewal options through June 30, 2031 with rent adjustments under the original lease terms.
Contract Details
Vendor
CHAMPAIGN-URBANA MASS TRANSIT DISTRICT
Agency
Urbana SD 116, IL
Contract Type
FACILITIES
Document Date
April 1, 2026
Contract Term
July 1, 2026 – June 30, 2028, with three optional one-year extensions (July 1, 2028 – June 30, 2029; July 1, 2029 – June 30, 2030; July 1, 2030 – June 30, 2031)
Renewal Date
2031-06-30
Renewal Info
Lease extended for two years from July 1, 2026 to June 30, 2028, with Lessee options for three further one-year extensions (to June 30, 2029; June 30, 2030; and June 30, 2031). Rent during extensions will be recalculated under Section 9(C) of the original lease.
More from CHAMPAIGN-URBANA MASS TRANSIT DISTRICT
Related Contracts
Urbana School District #116 Board of Education Meeting Minutes 2026-04-21
APPROVEDUrbana School District #116 Board of Education Business Meeting Agenda April 2026
EXTENDEDUrbana School District #116 MTD Transportation Agreement 2026-2027
RENEWEDUrbana School District 116 Board of Education Study Session Minutes April 7 2026
DISCUSSSEDUrbana School District 116 Board of Education Study Session Agenda April 2026
DISCUSSEDMore from Urbana SD 116
Urbana School District 116 Contract Order Form Q-1486284 2026-06-12
Urbana School District Summary of 2026-2027 Tentative Budget Changes Education Fund 2026-06-12
Urbana School District 116 Agenda Board of Education Study Session 2026-06-02
Urbana School District 2026-27 Tentative Budget Assumptions & Notes 2026-06-02
Urbana School District 2026-27 Tentative Budget Assumptions & Notes 2026-06-02
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