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School board approves interim agreement, authorizes negotiations with developer for Trumbo workforce housing
Summary
The board approved entering negotiations with TD TDC Development Inc. for the Trumbo Affordable Workforce Housing RFP and approved an interim agreement to start ground-lease negotiations.
The Monroe County School Board voted to enter negotiations with TD TDC Development Inc. and approved an interim agreement to begin discussions on a ground lease for the Trumbo Affordable Workforce Housing project (RFP 2025-007).
Board member Maria Khan presented the recommendation to enter negotiations and asked the board to approve the interim agreement attached to the recommendation. The motion was made, seconded and passed without recorded opposition.
Board members discussed the two-part nature of the action: selecting TD TDC as the recommended developer under the RFP process and approving an interim agreement to begin negotiating lease terms for the Trumbo site. Board counsel and staff clarified that approving the interim agreement starts negotiations but does not finalize lease terms or obligate the district to a final ground lease.
The board directed staff to proceed with negotiations under the interim agreement and return with the negotiated lease terms and any material amendments for board approval.
No public fiscal numbers or final lease terms were presented at the meeting; the interim agreement authorizes staff to begin negotiations under the RFP recommendation.
