CONTRACTAMENDED

District Extends and Amends Lease with Beacon School

Union School District 5 logoUnion School District 5
Disclosed value
$32,000/month (Aug 1, 2020 – Jun 30, 2021); $8,000/month (Jul 1, 2021 – Jul 31, 2021); $40,051.41/month (Aug 1, 2021 – Jun 30, 2022); thereafter July rent at 25% of prior month; annual CPI-based adjustments between 3% and 6% from Aug 1, 2022 onward
From contract
Document date
Nov 16, 2020
Renews
Free account

The 30-second brief

What it covers

Union Elementary School District and Beacon School executed a Fourth Addendum to their facilities lease, extending the term through June 30, 2028 and revising the premises, rent schedule, and utility cost allocation. The amendment also sets construction-related access conditions for the District’s maintenance yard project and provides mutual early-termination rights on 12 months’ notice.

Who holds it

Beacon School holds this facilities contract with Union School District 5. Its other public contracts on record include work for Pajaro Valley Unified and Campbell Union High.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Union School District 5 contract.

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Contract details

Contract type
Facilities
Amount
$32,000/month (Aug 1, 2020 – Jun 30, 2021); $8,000/month (Jul 1, 2021 – Jul 31, 2021); $40,051.41/month (Aug 1, 2021 – Jun 30, 2022); thereafter July rent at 25% of prior month; annual CPI-based adjustments between 3% and 6% from Aug 1, 2022 onward
Document date
November 16, 2020
Term
July 1, 2001 – June 30, 2028 (as extended by Fourth Addendum effective November 16, 2020)
Renews
Free account
Source document
union-school-district-5-contract-2020-11-16_9dc.pdf (Contract)

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Questions about this contract

Who was awarded the facilities contract by Union School District 5?

Beacon School was awarded this facilities contract by Union School District 5, as recorded on November 16, 2020. The contract value is $32,000/month (Aug 1, 2020 – Jun 30, 2021); $8,000/month (Jul 1, 2021 – Jul 31, 2021); $40,051.41/month (Aug 1, 2021 – Jun 30, 2022); thereafter July rent at 25% of prior month; annual CPI-based adjustments between 3% and 6% from Aug 1, 2022 onward.

How much is the Beacon School contract with Union School District 5 worth?

The Beacon School contract with Union School District 5 is valued at $32,000/month (Aug 1, 2020 – Jun 30, 2021); $8,000/month (Jul 1, 2021 – Jul 31, 2021); $40,051.41/month (Aug 1, 2021 – Jun 30, 2022); thereafter July rent at 25% of prior month; annual CPI-based adjustments between 3% and 6% from Aug 1, 2022 onward, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a contract record.

Where was this contract approved?

This contract appears in union-school-district-5-contract-2020-11-16_9dc.pdf (Contract), dated November 16, 2020 from Union School District 5. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Beacon School hold?

Beacon School 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 Union School District 5 currently buying?

Explore Union School District 5's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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