FACILITIESONGOING

Citrus Springs Charter School Inc. Sublease Agreement Navigator Schools March 2026

Long-term master lease for charter school facility

Hayward Collegiate Charter DistrictORANGE SPRINGS FACILITIES LLCMarch 16, 2026

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Description

Orange Springs Facilities LLC entered into a long-term master lease with Citrus Springs Charter School, Inc. for the charter school property at 1821–1823 North Grand Avenue in Santa Ana. The lease, tied to California School Finance Authority revenue bonds, runs initially through July 1, 2066 with options to extend and bases base rent on debt service for the Series 2026A and 2026B bonds.

Contract Details

Vendor

ORANGE SPRINGS FACILITIES LLC

Agency

Hayward Collegiate Charter District, CA

Contract Type

FACILITIES

Document Date

March 16, 2026

Contract Term

Approximately 40-year initial term commencing on funding of the Loan and ending July 1, 2066, with three 6-year extension options

Renewal Date

2066-07-01

Renewal Info

Initial lease term ends July 1, 2066, with three six-year extension options that may be automatically exercised while the Loan is outstanding; base rent may convert to fair market rent after bond defeasance and loan prepayment, determined through a notice and arbitration process.