A lease/lease buy-back Alexander said is very similar, except the district enters into a procurement lease with the contractor of the building to be paid back over 25-35 years. He said after that period, the district would own a building with 75% life expectancy left. We create the preventative maintenance agreement, and we can make that whatever we want. As difficult or as easy, as expensive or less expensive, as we want,” Alexander explained. He said he recognized that tax payers cannot afford paying for both an elementary and middle school building, and that taxes are high enough in the state already.

Source: Daily Sun September 01, 2021 16:54 UTC