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A 40-year timeline for the Trinity Site Revitalization Project was the sole item discussed during Thursday’s School Board work session.
Superintendent Mary McLeod presented a PowerPoint presentation to the small group of school officials and community members gathered in the Gym at Barranca Mesa Elementary School.
McLeod said the agreement with the county has three terms.
The Initial Term is for one year. The Development Period is for two years and the remaining 37 years will be the master ground lease period or full lease period.
“Before the Initial Term begins we are going to execute a quit claim deed transferring parcel A-8-A on DP Road to the county,” she said, adding everything is subject to state Board of Finance approval.
“The county will then convey approximately 8.47 acres of land near Trinity Drive and Knecht by quit claim deed to the schools,” she said. This parcel will be called District S-1 land.
The amount of land to be transferred to the schools increased from 12.8 acres to about 13.935 acres following a new appraisal in December, McLeod said. The county will retain the 1.3 acre difference, which will be called County Parcel L-1.
The district will then own 98.1 percent of the entire parcel to be developed into Trinity Place.
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