Agenda Item
Meeting Date: 10/1/2020 - 7:00 PM
Category: Information and Study Items
Type: Action
Subject: Property Redevelopment: Resolution 20-21-07: Intent to Exchange Interests in Real Property – Metzler Lot C
District Priorities:
Enclosure:
File Attachment:
Resolution 20-21-07 Intent to Exchange Interests in Real Property.pdf
Summary: The District has been exploring options for the use or disposition of the property located at 1975 Cambrianna Drive in San Jose. Robson Homes previously delivered a Letter of Intent proposing to exchange real property for a portion of the District Property, known as the Metzler C property, upon which Robson Homes would develop single family homes. In order to complete the property exchange for the Metzler C property, the District desires to enter into an agreement with Robson Homes (Exchange Agreement). The Exchange Agreement is authorized pursuant to sections 17536 and 17537 of the Education Code. These Education Code provisions require approval of this Resolution by two-thirds vote of the Board of Trustees.
Funding:
Recommendation: Staff recommends the Board approve and authorize Resolution 20-21-07: Intent to Exchange Interests in Real Property.
Approvals:
Recommended By:
Signed By:
Penny Timboe - Chief Financial Officer
Signed By:
Dr. Carrie Andrews - Superintendent