Sublease Agreement Renewal with Facilities Authority Proposed
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Description
Noble Public Schools is asked to renew its August 1, 2017 Sublease Agreement with the Cleveland County Educational Facilities Authority in the amount of $26,605,000 for the fiscal year ending June 30, 2025. State law requires the Board to take affirmative action each year to continue this lease arrangement.
Contract Details
Contract Amount
$26,605,000
Vendor
CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY
Agency
Noble Public Schools, OK
Contract Type
FINANCIAL_SERVICES
Document Date
July 1, 2024
Contract Term
Fiscal year ending June 30, 2025
Renewal Date
2025-06-30
Renewal Info
Annual renewal required by Oklahoma law; this action would renew the August 1, 2017 sublease for the fiscal year ending June 30, 2025.
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