bfoc march 5, 2009 southwest schools project. 200 450 over capacity 150 over capacity 400 over...
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BFOCMarch 5, 2009
SOUTHWEST SCHOOLS PROJECT
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200
450 over capacity
150 over capacity
400 over capacity
300 over capacity
150 over capacity
150 under capacity
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Now at capacity with new additions
150 over capacity
150 over capacity
Pistor
Hohokam
Valencia
150 under capacity
Maxwell
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Proposed Site
Proposed Site
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Top Sites for the Southwest Schools
Ajo Way
Cam
ino
Ver
de
Valencia
Irvington
Mis
sio
n
Wad
eIrvington
Car
din
al
Valencia
LYNN-UProposed Site
Proposed Site
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Site #9
Proposal #3 CB Richard Ellis
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Via Ingresso Site(Site #9)Approximately 24 acres
2 utility easements; one 7 acre drainage easement
May be able to use 2-3 acres of drainage easement
K-5 or K-8
Flat and out of floodplain
Located between Lynn-Urquides and Grijalva Elementary Schools
.6 miles from Lynn-Urquides
Access onto Mission Road
Utilities are adjacent
Many students could walk
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Via Ingresso Tasks
December 9 Board decision and authorization to execute of trade agreements
Mar Hire broker to put site W and 125 (and others?) on the markethire architect
June Time to sell sites to others ends
August Complete trade with executed contract and at least $1.5M in escrow to help fund the school
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Site #1
Proposal #1 Pomegranate Farms
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Pomegranate Development Agreement(Site #1)1. Trade of approximately 45 acres of TUSD property at the corner of Valencia and Cardinal for 15 acres within the Pomegranate Farms Development at approximately 9000 W Valencia Road. As an additional consideration for the trade, Pomegranate Farms will provide $3,000,000 for the construction of the school.
2. TUSD will construct a K-8 school of approximately 70,000 square feet, which could open in August of 2011.
3. CC&Rs will include an assessment on properties in the development to support the school and provide incentives for teachers.
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Pomegranate Site(Site #1)Approximately 15 acres
Shared use for playfields
Utilities and infrastructure to be installed by developer
K-8
Flat and out of floodplain
Located centrally in a planned 3000-unit development
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Questions/Comments
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Site #2
Note: Though Site #2 is offered Site #3is preferred.
Proposal #2 Broadway Realty and Trust
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Site #13
Proposal #4 Gran Tierra
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Final Proposal and Valuations
Site Size (acres)Southwest Appraisers
MJN Appraisers
DeGrazia Company Status
TUSD #71 9.4 $860,000 $700,000 $675,000 trade
TUSD X 18.5 $1,600,000 $1,200,000 $1,200,000 trade
TUSD W 20 $1,800,000 $1,000,000 $1,000,000 hold
TUSD #125 8.7 $900,000 $650,000 $500,000 hold
Total TUSD $5,160,000 $3,550,000 $3,375,000
Trade Site #917-20
useable $700,000 $1,950,000 $1,850,000 trade
Funds for Escrow $4,460,000 $1,600,000 $1,450,000
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Pomegranate Site(Site #1)Approximately 15 acres
Shared use for playfields
Utilities and infrastructure to be installed by developer
K-8
Flat and out of floodplain
Located centrally in a planned 3000-unit development
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Students in the Area
Proposed Site