Three-Year Classroom Lease Approved with Hall Development
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Description
The Board approved a three-year lease with Hall Development beginning July 1, 2026, for four classrooms at 123 North Clark St., Olean, NY. Annual rent starts at $28,663.20 and increases by 3% each year through May 2029.
Contract Details
Contract Amount
Year 1: $28,663.20; Year 2: $29,523.12; Year 3: $30,408.84
Vendor
HALL DEVELOPMENT
Agency
Erie 1 Boces, NY
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
July 1, 2026 – May 31, 2029
Renewal Date
2029-05-31
Renewal Info
Lease is for three years with 3% annual increase; further renewal subject to negotiation after May 2029.
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