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Pasco School Board approves charter school contract terms

LAND O'LAKES — With little discussion, the Pasco County School Board on Tuesday finished its long-term contract with Pepin Academies, allowing the charter school to move ahead with a fall opening.

Board members raised questions two weeks ago about offering the school a 15-year agreement without language making clear that the applicant needed to make strides toward getting construction financing.

Pepin officials asked for the 15-year term in order to help secure a loan for a new building in a Shady Hills subdivision.

The new wording allows the board to shorten the contract to five years if Pepin Academies has not made progress on its construction within three years.

Board member Cynthia Armstrong said she was satisfied with the amended deal. "It's very difficult to get financing without some type of long term commitment," she said.

Pasco School Board approves charter school contract terms 02/18/14 [Last modified: Tuesday, February 18, 2014 7:08pm]
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