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Board hears joint committee letter of intent to buy PTC building; price estimates and renovation needs raise questions
Summary
Board members were briefed on a joint operating committee vote to submit a letter of intent to purchase the PTC building (excluding dormitory), with early purchase estimates cited at about $12–13 million; members asked for detailed renovation budgets, raised safety and ADA concerns, and reiterated that individual district votes will determine final participation and cost shares.
A board member reported that the joint operating committee of 12 districts voted to submit a letter of intent to purchase the PTC building and adjacent property, excluding the dormitory. The report emphasized that the letter of intent is not binding on individual districts: each of the 12 districts must separately decide whether to supply funding and approve any expenditure.
During an extended discussion, presenters provided preliminary figures for the property (participants mentioned figures near $12 million and $13 million) and described ongoing work to…
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