Agenda Item B-8 Request for Approval to Enter into Purchase Agreement for Property at Church and Peach September 9, 2015
Overview 2 31.92 acre parcel at Church and Peach Avenues Future school facility based on needs/priorities Adjacent to 17.7 acres the district already owns Recommended cost: $3.4 million Recommended source of funds: Measure Q Also evaluating potential purchase of remaining two parcels along Church (1.95 acres) Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Need to Acquire Property 5 Board ‐ approved Facilities Master Plan identified need for future high school capacity in district’s south region Sunnyside High School enrollment is projected to continually increase and eventually exceed capacity Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Need to Acquire Property 6 Elementary enrollment in the area is also impacted Ayer and Storey are growing and projected to be at or above capacity during the next ten years Both campuses have high number of portables Boundary changes difficult for schools at edge of district Enrollment Capacity Portables Ayer Elementary 720 702 12 (34%) Storey Elementary 971 1,078 26 (54%) Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Church and Peach Site 7 2009 Site Selection Study evaluated seven sites and identified Church and Peach property as best option for a school site • Evaluation considered California Department of Education guidelines and desire for approximate 50 acre site Site received preliminary Department of Education approval Potential 52 acre site for future school facility opportunities Building on vacant property is significantly less costly than building on developed property Anticipated future improvements typical for other sites One willing owner Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Purchase Agreement 8 Approval would trigger opening of escrow ($10 deposit) Price fixed for one year while the district completes due diligence • Purchase price payable at close of escrow • Sale contingent on meeting all requirements of California Department of Education and California Environmental Quality Act Costs of surveying, testing and investigations approximately $200,000 After completion of due diligence work, a Board public hearing will be scheduled to make required Department of Education findings Anticipated in spring 2016 • If findings can be made: escrow closes and district buys property • If findings cannot be made: no obligation to purchase and no monetary penalties Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
Recommendation 9 Adopt Resolution 15 ‐ 12, Approving a Purchase and Sale Agreement Between the District and Bedrock Land Development, Inc. Pertaining to a 31.92 Acres Parcel of Land Located near the Intersection of East Church and South Peach Avenues in Southeast Fresno and Also Approving Related Matters Pro po se d Purc hase o f Churc h and Pe ac h Pro pe rty 9/ 09/ 2015
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