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Posted on: March 23, 2017

Sammamish votes to approve Central Washingtion University lease

At Tuesday night's City Council meeting, City Manager Lyman Howard and Central Washington University President James Gaudino signed a lease and operating agreement 

  • An initial lease of three years, with options for multiple 5-year extensions.
  • CWU will begin teaching college courses in Sammamish no later than September of this year.
  • CWU will pay for all tenant improvements and lease the building “as-is.”
  • CWU will have a right to purchase the building at a price that would recover all city investments in the building.
  • For the first three years of the lease, the annual base rent will be $60,000.
  • After three years, the base rent will rise a minimum of $60,000 annually.
  • If, in the third year, however, CWU’s yearly operating margin exceeds $500,000, the base rent going forward will rise $120,000 annually.

With three high schools (Eastlake, Eastside Catholic and Skyline) within walking distance of the building (120 228th Ave. N.E.), CWU’s Sammamish campus will be well positioned to provide “Running Start” classes, a program of college courses for high school students. It will also provide continuing education for adults, professional certifications, and coursework that leads to baccalaureate or master’s degrees.

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