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Azusa Unified board approves Powell Elementary sale amendment, accepts 2024–25 unaudited results and consent items
Summary
At its Sept. 9 meeting the Azusa Unified School District Board of Education approved a third amendment to the sale of the former Powell Elementary property, accepted unaudited 2024–25 financials and approved routine consent items; the board also reported two Office of Administrative Hearings settlements in closed session.
The Azusa Unified School District Board of Education on Sept. 9 approved a third amendment to the purchase-and-sale agreement for the former Powell Elementary site, accepted the district's unaudited actuals for fiscal year 2024'25 and approved the consent agenda covering items 10.1 through 10.25.
The amendment to the agreement with Taylor Morrison of California LLC reduces the sale price to $31,200,000, moves the deadline for the first additional deposit to no later than Sept. 18, 2025, and raises the extension deposit to $450,000, according to the presentation at the meeting. The superintendent also reported that RC Homes made a nonrefundable deposit on May 30 for the former Allentown school…
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