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District reports no major red flags in due diligence for Center for Black Student Excellence; operating estimate and LLC arrangements under review
Summary
Staff told the committee that ALTA and Phase I environmental surveys for the proposed Center for Black Student Excellence site showed no material issues; a draft building assessment is under review and staff provided a preliminary operating estimate and details about an LLC parking arrangement.
Portland SD 1J staff updated the Facilities Improvement Oversight Committee on due diligence for the proposed Center for Black Student Excellence site, reporting that standard commercial real estate studies completed to date showed no material legal or environmental issues.
Joanna Evensen, director of project management and construction, said the ALTA survey and the Phase I environmental study were…
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