Lake Tahoe Community College Board of Trustees Meeting Agenda 2026-05-12
USDA Lease Annual Rental Rate Adjustment Accepted
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Description
The Board accepted the 2026-2027 annual rental rate adjustment under the 50‑year lease with the United States Department of Agriculture for District property. The annual rent will be $114,826.42, paid in twelve monthly installments, reflecting a CPI-based increase over the prior year.
Contract Details
Contract Amount
$114,826.42 annually ($9,568.87 monthly)
Vendor
UNITED STATES DEPARTMENT OF AGRICULTURE
Agency
Lake Tahoe Community College, CA
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
Annual rental rate term June 1, 2026 – May 31, 2027 within overall lease term June 1, 2001 – May 31, 2051 (50 years)
Renewal Date
2051-05-31
Renewal Info
Original lease executed in 2001 for 1 year plus 49 annual adjustments; revised in 2024 to a continuous 50-year term with 49 ongoing annual CPI-based rental adjustments through May 31, 2051.
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Lake Tahoe Community College Board of Trustees Meeting Agenda 2026-05-12
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