Board moves to authorize lease and land swap with City of New Albany for future transportation center

District staff asked the board to authorize entering a lease with the City of New Albany that would effect a land swap to support a future transportation center. The presentation described a three-party memorandum of understanding involving the district, the city, and the New Albany Company, transferring two existing lots (lot A the district owns and lot B donated previously by the New Albany Company) to the city in exchange for a parcel on Petrar Road for a new transportation facility.

Staff framed the transaction as a collaborative effort that has been under development for several months and said the proposed agreement would allow the district to consolidate transportation operations at a new, dedicated site. Ken, a district staff speaker, summarized the authorization language: "This authorizes us, for Becky and board president to enter into a lease with the city for the land swap that we're looking at for our transportation center." The board discussed the item and then proceeded with roll-call consideration as part of routine business.

The staff presentation noted ongoing coordination among district leadership, city officials, and the New Albany Company; no final purchase price or detailed development timeline was provided in the transcript and will require follow-up for budgeting and site preparation specifics.