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Committee recommends 12-month extension option, additional nonrefundable deposit for Northside sale
Summary
Staff recommended a one-year extension of Brown Taylor Development LLC’s Northside purchase contract and asked for an additional $12,656.26 nonrefundable deposit (to be released to the district). The committee discussed whether to bring a preemptive recommendation to the board or present the matter without recommendation.
During the committee meeting staff reviewed the contract status for the Northside Elementary old-site property and recommended an extension and additional nonrefundable deposit to keep the agreement moving.
Listing agent/Staff (S10) told the committee that Brown Taylor Development LLC has a contract that expires Feb. 20, 2026, with $12,500 already held in escrow as a nonrefundable deposit. Citing experience with a prior developer (Verint), staff said a consistent…
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