Yorktown Central School District board of education members have signed a 10-year lease with the latest tenant who moved into the idle French Hill School Building.
Children’s Corner Nursery School is among several other tenants who have already rented out the building. The lease runs from Oct. 1, 2012 to Sept. 30, 2022. The nursery school will pay $6,785 per month every year and at the end of every 12-month period thereafter, the monthly rent will increase by the greater of 3 percent or the rate of inflation, according to school officials.
"CMA will be the largest tenant in the building, renting 12,500 square feet of space," Assistant Superintendent for Business Tom Cole said.
The school will provide day care services for up to 100 children, including those of district employees. The school will be in an entirely self-contained portion of the building, with convenient access for parents, Yorktown school officials said.
The nursery school will perform capital improvements to meet state requirements, all acceptable to the district, and will be fully operational by Jan. 1, 2013.
Other tenants include Eclipse Theatre Group, Energize NY, Laurie Kelleher Chiropractic, Northern Westchester Music School, Oxygen Volleyball Club, Soaring Eagle Physical Therapy, Yorktown Athletic Club and the Yorktown Youth Soccer Club. Leases run from one to 10 years.
The district has maintained a rental clause in each contract that can be invoked if re-opening the building as a school becomes necessary. However, school officials said opening of the school is not expected due to its current enrollment projections.
Rent revenue will be used for the upkeep of the building, including utilities, common charges and general maintenance. Any excess beyond this will be used to lower school taxes, officials said.
Let Patch save you time. Get great local stories delivered right to your inbox or smartphone everyday with our free newsletter. Simple, fast sign-up here.