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Board approves partial fee deferral for commercial project at 2902 Express Ave.
Summary
The district agreed to defer part of the school facilities fees for Wonderful Real Estate Development LLC's commercial project at 2902 Express Avenue: $279,302.38 due prior to permit issuance and $279,302.37 deferred until Certificate of Occupancy; estimated completion March 2027.
Superintendent Annette Blacklock reported that Wonderful Real Estate Development LLC requested a deferral of school facilities fees for a commercial project at 2902 Express Avenue, Shafter. The district agreed to a partial deferral: $279,302.38 payable to the city prior to permit issuance and $279,302.37 deferred until issuance of the Certificate of Occupancy, with an estimated project completion in March 2027. The board approved the agreement.
The minutes do not provide further details about the developer's project scope, security for the deferred payment, or whether interest or administrative fees will apply; those details may be specified in the approved agreement but are not recorded in the minutes.
