BOE Lease Fields

This interlocal lease grants the Borough of Bloomingdale unrestricted public recreational use of two school fields owned by the Bloomingdale Board of Education, free of rent, while preserving the Board’s priority for school activities. The Borough may pursue state, federal, or private financing to improve the fields, and after such improvements it may assess reasonable usage fees to cover maintenance costs. Both parties share insurance responsibilities and agree to resolve disputes through binding arbitration. The lease runs retroactively from 1 Jan 2001 through 31 Dec 2025, with a possible extension only if both entities approve by majority vote before termination. • No ongoing rent – nominal $1 consideration only. • Borough responsible for field maintenance, improvements, and any post‑improvement usage fees. • Board retains priority use with ≥10‑day written notice and maintains surrounding sidewalks/roadways. • Both parties must maintain specified general liability and environmental insurance; disputes arbitrated under AAA rules.