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SMCISD board approves tri-party agreement with Centro, city


Thursday, May 20, 2021
The San Marcos Consolidated ISD Board of Trustees approved several items regarding Centro Cultural Hispano de San Marcos following a nearly two-and-a-half-hour executive session. 
The board convened in closed session during Monday’s regular meeting to discuss a tri-party agreement between SMCISD, the City of San Marcos and Centro Cultural Hispano de San Marcos; an amendment to the commercial lease between Centro and SMCISD; and to discuss a Memorandum of Understanding between Centro and SMCISD. 
The change to the commercial lease allows SMCISD, which owns the land, to limit the lease to a five-year term at any time during the lease term, which currently ends in 2042. The MOU between Centro and the school district is for the purposes of outlining grant funding and a potential repayment of grant funds received by Centro from the City of San Marcos’ Community Development Block Grant. The tri-party agreement is for the CDBG-funded project, whic ....

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