Regarding: Status of Lease Agreement Negotiations with ASU Prep for 7th Street & Fillmore Campus

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Regarding: Status of Lease Agreement Negotiations with ASU Prep for 7th Street & Fillmore Campus

November 30, 2018

Dear Phoenix #1 Community;

Last night our Governing Board approved the business terms of a 2-year lease agreement with ASU Prep as stated in the draft lease proposal provided to ASU Prep on November 28, 2018.

The Governing Board authorized our legal counsel to negotiate the legal terms of the lease with ASU Prep’s outside legal council by December 7, 2018.  The terms are then subject to approval by our Governing Board.

Thank you for your patience and support as we work to finalize this lease agreement.

Sincerely,

Larry Weeks