Beruflich Dokumente
Kultur Dokumente
June27,2011
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CITY/PAUSD SchoolSiteChronology
CubberleySchoolSiteBuilt CubberleysiteclosedleasedincludingFHDA CityacquiresTermanSchool(20yrleasetopurchase) CovenantnottoDevelopandCubberleylease PAUSDrequeststopurchaseTermanfromCity CouncilApprovesCubberleyswap(7.93acres) FoothillOffertoPurchase 1st Request 2nd Request RequestforOffers
CITY/PAUSD LeaseHistory
Terman Middle School
Jordan Middle School Cubberley High School 1981- Leased by City with Option to Purchase 1988- Interim Lease by City 1989- City Leased all 35 Acres from PAUSD 2001- City Swaps Terman for Ownership of 8 Acres at Cubberley
Foothill J
Dance Vision L3
Childrens Preschool T1
Wildlife V
CubberleyStatistics
35TotalAcres 27AcresPAUSD 8 AcresCity 175,540sq.ft.Building 94,402(FHoccupies21,170)PAUSD 76,138(FHoccupies18,493)City 750ParkingSpaces 620 SchoolDistrict 130 City
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CommunityGroupsandTenants Notincludinghourlyrenters
Schools (2)
Acme Education, Palo Alto Preparatory
Childcare (2)
Childrens Preschool Center, Good Neighbor Montessori
Cubberley Tenants
USE
Foothill
SQ. FT
39,672
RENT/SQ
$1.96
RENT ANNUAL
$933 K
Non Profit
FOPAL Hua Kuang PA Prep Wildlife Rescue Preschool Dance Visions Zohar 1,700 672 2,496 1,565 8,772 3,130 3,740 $0.65 $1.11 $1.79 0 $0.24 $1.11 $1.16 $13K $8,900 $54K 0 $26K $41K $52K
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SQ. FT
RENT/SQ
RENT ANNUAL
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Revenue Summary
Foothill- DeAnza Property Rental (Artists/ Non Profits, etc) Hourly Rental (Events, etc) City Office Rental Total Revenue $0.93M $0.52M ($0.42M from Citys 8ac excluding FH) $1.02M $0.07M $2.54M
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Expense Summary
Lease Management and Maintenance Non Maintenance Operating Expenses Total Expenses $0.44M
$1.77M
$2.21M
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LeaseTermsandOptions
15Years(19892004) 10Years(20042014)* 5Years(20142019) 5Years(20192024)
*NoticetoExtendduetoDistrictby 12/31/2013
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Questions/ Comments
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