Policy 7215 – Construction Cooperative Projects with Municipalities

The Board of Education may enter into an agreement with the County which the District is
located, or with a city, town, or village, wholly or partially, for specific construction projects.
Such projects may include acquisition, construction, improvement, extension, repair, remodeling,
renovation and financing of sites, buildings, facilities, furnishings and equipment for use of the
school district for educational purposes.

Such agreements may provide for the present or future acquisition of an ownership interest in
such facilities by the District by means of lease, lease purchase, option to purchase or similar
arrangements. In addition, the agreement may provide for a joint venture with the municipal
authority to share the costs of acquisition, construction, repair, maintenance and operation of
such facilities.

The District may wholly own such facilities or may acquire a partial interest along with an
eligible municipal entity with which the agreement was executed.