Agenda Item
iv. The GLOBE Academy – Ratify the Facilities Lease for Local Charter School renewal petition of The GLOBE Academy for five (5) year lease will start on July 1, 2023, and expire on June 30, 2028, to align with the five-year charter extension
Summary: Presented by: Mr. Erick Hofstetter, Chief Operating Officer, Division of Operations
Request: It is requested that the DeKalb Board of Education ratify a five-year Facilities Lease of the former Heritage School site by The GLOBE Academy Inc. The term of the five-year lease will start on July 1, 2023, and expire on June 30, 2028.
Why: The previous lease agreement with The Globe Academy expired July 1, 2023, and is being replaced with this facilities lease agreement. The District’s facility lease agreement has also been updated to include items such as current insurance requirements and other district-wide requirements.
Details: The Globe Academy has leased the former Heritage Center facility and property from the District since 2013 and has used the facility as a campus for The Globe Academy Charter School since. In 2017 the original lease was renewed from July 2018 until June 2023.
Financial impact: As the tenant, The GLOBE Academy Inc. will be responsible for all costs related to any repairs, renovations, replacements, building and grounds maintenance, enhancements, and payment of all utilities and fees. There is no financial impact to the District.
Contact: Mr. Erick Hofstetter, Chief Operating Officer, Division of Operations, 678.676.0168
Status: Approved by General Counsel
Chronology of the Agenda Item
On April 1, 2013 the Board approved a “Ground Lease Agreement” with Globe
Academy Charter for use of the former Heritage Center school property and facility
from July 2013 to June 2018.
In accordance with the terms of the original lease agreement, the lease agreement
was automatically extended by 5 years to June 2023 upon receipt of written notice
of Globe Academy’s intent to extend the lease in June 2017.
The original lease agreement was not automatically extended past June 2023.
The current Facility Lease will establish a new lease agreement with Globe Academy
Charter for use of the former Heritage Center school property and facility from July
2023 to June 2028.