FACILITIESAPPROVED

Ludington Area Schools Board of Education Minutes of Regular Meeting 2026-04-20

Board Approves Three-Year Classroom Lease with FiveCAP

$16,731.46 per yearLudington Area School DistrictFIVECAP INCApril 20, 2026

Trusted by teams at

Description

The Ludington Area Schools Board approved a three-year lease with FiveCAP, Inc. for two classrooms at LECC at an annual cost of $16,731.46. The agreement includes an automatic three-year renewal at standard rental rates unless terminated in writing before August 31, 2029.

Contract Details

Contract Amount

$16,731.46 per year

Vendor

FIVECAP INC

Agency

Ludington Area School District, MI

Contract Type

FACILITIES

Document Date

April 20, 2026

Contract Term

Three years for the use of two classrooms at LECC, beginning upon approval; auto-renews for three additional years unless notice is given at least 30 days prior to August 31, 2029

Renewal Date

2029-08-31

Renewal Info

Initial three-year lease term with an option to roll over for three additional years at respective standard rental rates unless either party provides written notice at least 30 days prior to August 31, 2029.