Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate Surplus topic
No spam. Unsubscribe anytime.
Board approves extension to Taylor Morrison purchase agreement for former Mountain View Elementary; notes Sierra High deposit
Summary
The board approved a fourth amendment to the purchase-and-sale agreement with Taylor Morrison for the former Mountain View Elementary School property to extend feasibility and closing dates. Superintendent Ortega also reported an additional nonrefundable deposit from Maleah Homes for the former Sierra High School property.
The Azusa Unified School District Board of Education on Nov. 4 approved a fourth amendment to the purchase-and-sale agreement with Taylor Morrison of California LLC for the former Mountain View Elementary School property. Superintendent Arturo Ortega said the amendment extends the buyer's feasibility period and the closing date; the board approved the amendment by roll call vote 5-0.
Ortega also informed the board that on Oct. 23 the district received an additional nonrefundable deposit from Maleah Homes related to the former Sierra High School site. The superintendent said staff would continue to update the board as the two surplus-property transactions advance through feasibility and closing steps; the board took no further action on the Sierra High deposit at the meeting.
The board took the Taylor Morrison amendment as a separate agenda item (motion and second recorded) and approved the staff recommendation.
