Cupertino Union School District Board Agenda November 2024
Long-Term Lease Approved for Happy Days at Luther Site
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Description
CUSD approved a 10-year lease with Happy Days as a Luther campus tenant, with site-wide annual lease revenue totaling $1,374,144 for 2024-25 and future increases based on CPI.
Contract Details
Contract Amount
Part of $1,374,144.00 site lease revenue for FY 2024-25
Vendor
HAPPY DAYS
Agency
Cupertino Union, CA
Contract Type
FACILITIES
Document Date
November 7, 2024
Contract Term
July 1, 2025 – June 30, 2035
Renewal Date
2035-06-30
Renewal Info
10-year lease agreement. Annual rental adjustments per CPI. Further renewal to be negotiated upon term end.
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