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Phoenix Elementary board hears proposal to let voters OK long-term leases, sales and exchanges of district land
Summary
The board received a presentation on a November ballot proposition that would let the district enter 21–99 year leases, sell property (with proceeds restricted to bond debt repayment or building reinvestment) or exchange parcels; presenters said lease revenue would be used for preschool, safety, buses and new programming, while community speakers urged transparency and protections against closures.
The Phoenix Elementary District governing board on Monday reviewed a proposed November ballot measure that would give voters permission for the district to sell, lease or exchange real property.
Sarah Sims, the district’s executive director of strategic initiatives, told the board the proposition would allow three distinct actions if approved: enter long-term leases (21–99 years), sell property with proceeds restricted to bond debt repayment or reinvestment in buildings, and swap parcels in limited circumstances. Sims said long-term leases can help potential developers secure financing and that lease proceeds are more flexible than sale proceeds, and could be used for transportation, preschool supplements, safety upgrades, teacher mentoring programs and to seed new programming designed to attract…
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