Freeman Lease Renewal Moves Ahead
At its April 24, 2013 meeting, the Ann Arbor Public Schools board of education was briefed on a recommendation to renew the district’s lease of Freeman School to Go Like the Wind Montessori School. The district has leased the building to Go Like the Wind since 1987. It’s located at 3540 Dixboro Lane.
If approved, the new three-year lease with one two-year renewal option would begin on July 1, 2014. The new proposed rate is $300,862, with a 3% increase each year. Over a five-year lease period, the district will receive over $1.5 million in rent.
Randy Trent, AAPS executive director of physical properties, recognized that the tenants have paid for renovations over the past 10 years, while the district pays for … [Full Story]