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Xavier Charter School Signs 3-Year Lease, Will Stay Open
Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) Last September, Xavier Charter School received a notice of defect from the Idaho Public Charter School Commission after failing to demonstrate financial stability. Since then, the school board hammered out a lease agreement with their landlord which dropped their lease amount by half, to take up only 16 to 17 percent of Xavier's operating budget.
Debbie Burr, Board Chair for Xavier Charter School, says, “That will allow the school to be financially viable for the next three years, as we work toward the purchase of our building. Lots of hours went into that. On behalf of the board, as well as our landlord, we want to say a heartfelt thank you.
The three year lease approved by the board totals $480,000. Burr says now that part of the school's budget is roughly the same percentage as a public school. The parents, students, and teachers in attendance were all very happy to get the good news that Xavier will continue to stay open.
Parent Terry Winkle says, “Actually, I'm just excited, that's all I'm going to say right now. I'm excited that it played out the way it did. I know the board worked pretty hard to get it where they're at. I think Xavier deserves this win, absolutely.”
Student Emma Winkle says, “Really excited. I'm just really excited. I don't know what else to say.”
Burr says, “It's something that puts the school in a great financial position, and we'll be able to do what we need to do with our kids, and let us move forward toward the purchase of the building.”
Now that Xavier Charter School doesn't have the burden of an excessively large mortgage hanging over them, they can begin working on a very long list of other concerns.
Feb. 19, 2013.