In a recent meeting of the St. Tammany Parish School Board, members deliberated on a proposal from the Lakeshore Villages Master Community Development District to purchase a 12-acre parcel of land for $1.6 million. This offer, which matches the original purchase price from 2009, has sparked a heated debate among board members regarding its fairness and alignment with taxpayer interests.
The discussion began with a motion to accept the offer, which was seconded, prompting public comments. Robert Broom, a local resident, urged the board to clarify the offer's wording to avoid any potential confusion regarding the price. Desmond LeBlanc, representing the Lakeshore Villages District, emphasized that the offer reflects the original investment made by the school board and is not profit-driven, as the district is a public entity focused on community welfare.
Board members expressed mixed opinions. Some, like Miss Hurstis, supported the sale, arguing that it would benefit local taxpayers by keeping the property within a community-focused entity rather than a for-profit developer. Others raised concerns about selling the land below its appraised value, which was estimated between $1.83 million and $1.88 million based on two independent appraisals. They argued that selling at the original price would not adequately represent the taxpayers' investment and could set a concerning precedent for future transactions.
The board's discussion also highlighted the financial implications of maintaining the vacant land, with members noting the ongoing costs associated with upkeep. Some suggested that selling the property, even at a lower price, could alleviate these expenses and redirect funds towards educational needs.
As the meeting progressed, the board was reminded of its fiduciary responsibility to ensure that taxpayer assets are managed wisely. Legal counsel advised that while the board has discretion in this matter, it should consider the established appraised values and the potential long-term impact of its decision.
Ultimately, the board faces a critical decision: to accept the Lakeshore Villages offer, counter it, or explore other options that may better serve the interests of the community and its taxpayers. The deadline for a decision is imminent, as the offer is set to expire soon.