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What is the Pacific Collegiate School (PCS) lease issue all about?

April 26, 2017collegiate ISSUE lease pacific PCs School

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What is the Pacific Collegiate School (PCS) lease issue all about?

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Under a lease entered into 5 years ago, PCS leases the former Natural Bridges Elementary site from Santa Cruz City Schools (SCCS). The lease was established at a below-market rate, with graduated terms. The current lease ends June 2009. Negotiations for lease renewal began in October 2007. Negotiations took place with the advice and guidance of legal counsel for both parties. Per the terms of the lease, the negotiations period ended March 31, 2008, without resolution.