ISANA Himalia Academy District Awards Facilities Contract to 2911 San Fernando Rd Llc (June 2025)

$150,000 per month with annual increases; $450,000 rent credit; $300,000 early termination fee

FACILITIES

Initial term 3 years (6/16/2025 – 6/30/2028) with three 5-year extension options

2028-06-30

Initial 3-year term from 6/16/2025 through 6/30/2028 with three optional 5-year extensions aligned to Octavia’s charter renewal cycle. ISANA may terminate without a fee under specified charter and zoning contingencies, or with a $300,000 early termination fee otherwise. ISANA has an option to purchase if Ribet Academy sells the property.

Minutes