Five-Year Ground Lease to Borough of Paulsboro Approved
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Description
The board approved a five-year ground lease with the Borough of Paulsboro for 2.6 acres behind Loudenslager Elementary School, to be used for community recreation at $10 per year. The agreement converts unused school property into a municipal recreational asset.
Contract Details
Contract Amount
$10 per year
Vendor
BOROUGH OF PAULSBORO
Agency
Paulsboro School District, NJ
Contract Type
FACILITIES
Document Date
May 22, 2026
Contract Term
Five years
Renewal Info
Initial five-year lease term at $10 per year; future renewal options not detailed in the agenda.
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More from Paulsboro School District
Paulsboro School District Agenda Board of Education Regular Meeting 2026-05-26
Paulsboro School District Agenda Board of Education Regular Meeting 2026-05-26
Paulsboro School District Agenda Board of Education Regular Meeting 2026-05-26
Paulsboro School District Agenda Board of Education Regular Meeting 2026-05-26
Paulsboro School District Agenda Board of Education Regular Meeting 2026-05-26
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