Yorktown Central School District officials celebrated on Monday the grand opening of the French Hill Elementary School building, which has been rented out to full capacity.
"[We] are delighted to make the school available to a variety of organizations," School Board President Jackie Carbone said.
Members of the school board of education, administration, tenants and contractors were present at the grand opening.
The largest tenant of the building is Children’s Corner Learning Center among several other tenants. The school will provide day care services for up to 100 children and it will be in an entirely self-contained portion of the building, with access for parents. It is expected that the nursery school will be fully operational by Jan. 1, 2013.
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
Other tenants include the Alliance for Safe Kids, Inc., Energize NY, Health Instead Senior Care, Laurie Kelleher Chiropractic, Northern Westchester Music School, Oxygen Volleyball Club, Soaring Eagle Physical Therapy, Yorktown Athletic Club and the Yorktown Youth Soccer Club.
It is anticipated that rental income will keep the building fully self-sustaining relative to common charges, general maintenance and utilities, school district officials said. 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 earlier this year.