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Planned long-term lease increases cancelled

Mon, 26 Aug, 2013

Planned long-term lease increases cancelled

Beginning today, letters are being sent out to Edmonton Public Schools’ leasees informing them the planned six year rate structure for tenants leasing space in the District will not proceed.

“We heard loud and clear from many of our tenants that the proposed lease increases previously announced would cause them difficulty in providing their programs or services in our schools,” says Board Chair Sarah Hoffman. “The Board of Trustees and the Administration want to work with these partners to find a solution that is appropriate and affordable for everyone.”

Starting in September 2013, the District will implement the initial $1.00 per m2 increase for Year One as planned. Over the 2013-2014 school year, staff will consult with leaseholders. Any further increases will consider stakeholder feedback and will not be determined until after this consultation takes place.

The District acknowledges that community groups leasing space in our schools provide valuable services to families and knows community groups will be challenged by a higher lease rate. Edmonton Public Schools is committed to finding a solution that acknowledges these contributions and also allows us to meet the financial obligations associated with leasing space.

“The provincial level of funding has created financial challenges for our District this year,” continued Chair Hoffman. “We are however, committed to working with our leaseholders to find an agreeable resolution to lease increases that best serves our students.”