District 428 preparing contract for land swap
DeKALB – DeKalb School District 428 attorneys are drafting an agreement for the land swap between the district and ShoDeen Construction, Superintendent Jim Briscoe said.
Briscoe is scheduled to update the school board tonight on a deal to exchange land that is used by youth school leagues near Huntley Middle School for land near DeKalb High School that could be used for a future expansion.
The meeting is at 7 p.m. at Lincoln Elementary School, 220 E. Sunset Place.
Briscoe said he did not expect the board to vote on the agreement at tonight’s meeting, as each side likely would want to make sure the language in the agreement is set.
Earlier this month, the district began deliberating the land swap that would also free the district from paying $42,000 a year on a $1.05 million credit. That credit deal was made years ago with Macon Development when the district was buying land for the new high school.
The two parties also agreed that if Macon does not develop there, the district has to pay 4 percent – or $42,000 – a year starting in 2013.
Now that ShoDeen holds the property, that agreement is still in effect.
ShoDeen will pay the district $654,511 as reimbursements for the public improvements that were made when DHS was built. They also do not have to pay impact fees on their development until the district gets 600 students from the developer’s Fairview or Irongate communities or in seven years, whichever comes first.
School officials believe the land at the high school offers more promise to the district than land being used by DeKalb AYSO, a local youth soccer league.