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3 . PRESENTATION BY SCHOOL DISTRICT STAFF <br /> Dr . Adams highlighted the items on her point paper (on file) regarding the history and <br /> lease extensions of the School District ' s Administrative office building . She recalled that the <br /> original Lease Agreement was signed in 1980 with a 30-year term ($ 3 , 750 per month rent), <br /> which included a 10 - year renewal option . She also pointed out that in the original Agreement, <br /> the School District waived the right to share any race track funds for the period of the lease <br /> (estimated at $446 , 500). <br /> School Board Chairman McCain expressed that since the County is the current landlord, <br /> the School Board members want to know what their options are before they make decisions in <br /> moving forward . <br /> 4 . OPEN QUESTIONS AND DISCUSSION <br /> School Board Vice Chairman Johnson felt this meeting was appropriate and essential <br /> because it is not a matter of if, but when, something will need to be done . She disclosed that the <br /> School Board members are looking internally for their "true" needs because the analysis of their <br /> space needs and growth pattern has changed tremendously. She stressed the openness to any <br /> suggestions and negotiations , and wants what is best for the taxpayers ' dollars . <br /> School Board member Pegler believed it was important for the School Board members <br /> and County Commissioners to come to a consensus for where they should be in two years . He <br /> acknowledged that the School District Board does not have the legal right to race track funds in <br /> accordance with the 2011 Florida Statutes , and wanted to come to a resolution for the future , <br /> where everyone could join forces and collaborate for the benefit of both the County and School <br /> District. <br /> SEPTEMBER 27, 2011 3 <br /> Joint Board Workshop Ou ! 4 1 PG 456 <br />