Independent School District #544 Agreement Regarding Lease Settlement 2026-06-18
Lease Amendment and Payment Deferral for Children’s Corner
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Description
Independent School District #544 and Fergus Falls Community Child Care Center, Inc. d/b/a Children’s Corner amended their lease agreement, deferring three months’ rent totaling $45,000 plus 3% interest, payable by June 1, 2028, while waiving additional rent and other claims. The underlying lease remains in force.
Contract Details
Contract Amount
$15,000/month; $45,000 plus 3% interest due by June 1, 2028
Vendor
FERGUS FALLS COMMUNITY CHILD CARE CENTER INC DBA CHILDREN'S CORNER
Agency
Fergus Falls Public School District, MN
Contract Type
LEASE
Document Date
June 18, 2026
Contract Term
March 12, 2020 – until repayment of $45,000 plus interest; ongoing lease
Renewal Date
2028-06-01
Renewal Info
No forgiveness or waiver; $45,000 plus 3% interest must be paid by June 1, 2028. Lease otherwise continues in effect. No indication of auto-renewal; subsequent terms per original lease.
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