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School board committee authorizes negotiations on 1370 NE 2nd Ave redevelopment tied to Omni CRA funding
Summary
The Facilities committee authorized staff to open negotiations over redevelopment of the district-owned 1370 NE 2nd Ave parcel and to pursue a memorandum of understanding with the Omni Community Redevelopment Agency, a move tied to plans for a new iPrep, a major modernization of Phillis Wheatley, workforce housing and a district administrative facility. Board members pressed staff for clearer funding and sequencing details.
The Facilities and Construction Committee on Nov. 12 authorized staff to negotiate redevelopment terms for district-owned property at 1370 Northeast 2nd Avenue and to begin discussions with the Omni Community Redevelopment Agency (Omni CRA) about a memorandum of understanding to support district redevelopment goals.
The item, presented by facilities staff, would allow the district to seek partners and to pursue an MOU with Omni CRA that could use tax-increment financing generated by future development of the district'owned assemblage to support three education-related projects: construction of a new iPrep facility, a full modernization (effectively a rebuild) of Phillis Wheatley Elementary School, and a new district administrative facility. Staff said proceeds or structured financing tied to development of the…
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