Orange Board Of Education School District Minutes Regular Public Board Meeting 2026-06-10
STEM Innovation Academy Lease Agreement Amended
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Description
The Orange Board of Education approved an amendment to its lease with the Orange Education Foundation for the STEM Innovation Academy of the Oranges. The amendment adjusts monthly rent to reflect increased mortgage costs and recognizes $171,758.21 owed for prior payment increases.
Contract Details
Contract Amount
Monthly rent increase from $36,114.48 to $39,768.91; $171,758.21 arrears
Vendor
ORANGE EDUCATION FOUNDATION
Agency
Orange Board Of Education School District, NJ
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
Amendment covering August 2022 to June 2026 and ongoing lease
Renewal Info
Lease payment schedule amended to reflect higher mortgage payments from August 2022 onward; existing lease remains in effect.
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Orange Board Of Education School District Minutes Regular Public Board Meeting 2026-06-10
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Orange Board Of Education School District Minutes Regular Public Board Meeting 2026-06-10
Orange Board Of Education School District Minutes Regular Public Board Meeting 2026-06-10
Orange Board Of Education School District Minutes Regular Public Board Meeting 2026-06-10
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