Belle Isle Finalizes Cornerstone Charter Academy Lease Deal
- Disclosed value
- $450,000 annually
- From budget
- Document date
- Oct 1, 2021
The 30-second brief
The City of Belle Isle entered into a landmark facilities and refinancing agreement with Cornerstone Charter Academy that retires about $9 million in municipal debt while securing $450,000 in annual rent for roughly 14 acres of City-owned property, including 6300 Hansel Avenue. The arrangement shifts maintenance and capital burdens to the school and supports expansion of its academic and athletic facilities.
Cornerstone Charter Academy holds this facilities contract with City of Belle Isle. Its other public contracts on record include work for Orange County School District.
Term as filed: Annual rent for almost 14 acres of City-owned property; term not specified.
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Contract details
- Contract type
- Facilities
- Amount
- $450,000 annually
- Document date
- October 1, 2021
- Term
- Annual rent for almost 14 acres of City-owned property; term not specified
- Agency
- City of Belle Isle
- Source document
- City of Belle Isle Adopted Annual Budget 2021-2022 (Budget)
Cornerstone Charter Academy's other public contracts
More City of Belle Isle contracts
Questions about this contract
Who was awarded the facilities contract by City of Belle Isle?
Cornerstone Charter Academy was awarded this facilities contract by City of Belle Isle, as recorded on October 1, 2021. The contract value is $450,000 annually.
How much is the Cornerstone Charter Academy contract with City of Belle Isle worth?
The Cornerstone Charter Academy contract with City of Belle Isle is valued at $450,000 annually, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a budget record.
Where was this contract approved?
This contract appears in City of Belle Isle Adopted Annual Budget 2021-2022 (Budget), dated October 1, 2021 from City of Belle Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cornerstone Charter Academy hold?
Cornerstone Charter Academy may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Belle Isle currently buying?
Explore City of Belle Isle's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.