The Los Altos School District Board of Trustees was expected to take major steps toward purchasing land in Mountain View for a 10th school site at Monday’s board meeting.
At the meeting, which occurred after the Town Crier’s press deadline, trustees were poised to move forward on a process using a transfer of development rights (TDR) from a proposed district site in the San Antonio Road area in Mountain View, a move that could result in tens of millions of dollars for the purchase of property and the development of a school site.
Specifically, the board was to review the “letters of intent” from TDR purchasers and give approval to staff to execute and share with the city of Mountain View for its approval.
Also up for review was a district agreement, or “memorandum of understanding,” with Mountain View to secure a site and share that site’s open space as parkland. The agreement could produce an additional $23 million for the district.
According to Superintendent Jeff Baier, the TDRs combined with the park-space agreement could generate as much as $100 million. This is in addition to the $150 million in bond funds the district already has under Measure N, approved by voters in 2014.
The TDR process enables the district to sell rights to San Antonio area land, zoned for high density, to developers who could use the zoning designation on other properties outside the San Antonio area.
Baier called the proposals a “win-win” for the school district and the city of Mountain View. City officials have desired more open space in the San Antonio area.
If trustees approved the proposed agreements, the Mountain View City Council could consider signing off on those agreements in January.
The district is currently considering four potential sites in the San Antonio area, from which much of the district’s projected enrollment growth will originate. The area is framed by San Antonio Road and El Camino Real, Central Expressway to the north and Ortega Avenue to the east.
The district is looking to secure an 8-acre site.
The Town Crier will feature additional coverage on the board’s actions in the Dec. 20 issue.