TrekNorth High School
Members Present: Mengelkoch, Krueger, Haynes, Plum, Benner, Munson,
I. Re-negotiation of Simonson Lease:.
Discussion of Amended Lease between TrekNorth High School and Bemidji Management Company. Administrative meeting on 9/10/03 between TrekNorth Administrative staff and representatives of Simonson and Bemidji Management Corp.
Actual build-out costs were $486,153.00 (actual) vs the estimate of $417,000.00 . The additional expense will be amortized over the duration of the lease.
Question of affordability, appears to be supportable by current budget.
For list of overage expenses, see addenda
Motion to sign the amended lease with Bemidji Management Corporation and to sign the promisory not. Krueger, Sec. Haynes. Passes unanimous.
Adjourn. Motion Haynes, Sec. Munson unanimous.