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Board reviews property-sale strategy and funding plan to cover facility work
Summary
Staff laid out conservative appraisal totals (~$5M) plus $1M in special reserves to fund up to ~$6M in facility work; trustees discussed appraisal vs market value, parceling options, and the requirement to reduce general-fund reserves to 15% by July 30, 2028.
District finance staff presented a consolidated funds slide showing conservative appraisal totals for six surplus properties and the district’s special reserves. Miss Green said appraisals used in the slide total about $5,000,000; together with $1,000,000 in the district’s special building reserve, staff used a planning figure of roughly $6,000,000 available to offset remodel and…
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