AAPS Renews Freeman School Lease
Renewal of a lease of Freeman School to Go Like the Wind Montessori School from the Ann Arbor Public Schools has been approved. AAPS board approval came at its May 8, 2013 meeting. The district has leased the building to Go Like the Wind since 1987. It’s located at 3540 Dixboro Lane.
The new three-year lease with one two-year renewal option will 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, noted that the tenants have paid for renovations over the past 10 years, while the district pays for maintenance.
As a school building, Trent noted, … [Full Story]