Madison’s Nuestro Mundo charter school would move into its own building in Monona next fall, under terms of a six-year lease being finalized by Madison and Monona Grove School District officials.
The move to the vacant Maywood School building in Monona would alleviate crowding at Allis Elementary, where Nuestro Mundo opened in 2004. It also could help Monona Grove pay for building upkeep and close its $1.2 million budget deficit, Monona Grove Superintendent Craig Gerlach said.
The lease agreement, which both boards are expected to vote on later this month, calls for Madison to pay $165,750 next year with the rate escalating annually based on inflation, Gerlach said. The amount was determined by an agreed-upon appraiser.