1 / 27

Innovative Strategies in Tough Economic Times

Practical Considerations:. Innovative Strategies in Tough Economic Times. Philip J. Henderson, Orbach Huff & Suarez Jerry Matranga , Dutra Cerro Graden Dominic Dutra , Dutra Cerro Graden. Cuts in California.

angeni
Télécharger la présentation

Innovative Strategies in Tough Economic Times

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Practical Considerations: Innovative Strategies in Tough Economic Times Philip J. Henderson, Orbach Huff & Suarez Jerry Matranga, Dutra Cerro Graden Dominic Dutra, Dutra Cerro Graden

  2. Cuts in California "The financial emergency facing our schools remains both wide and deep. The deep cuts made to school funding — and looming uncertainties about the future — are driving school districts to the brink of insolvency. Plain and simple, our schools need new revenues to get back on solid financial ground." — Tom Torlakson, State Superintendent of Public Instruction February 23, 2012

  3. Strategic Property Solutions for Underutilized or Surplus Property

  4. Benefits for Students and Community

  5. Barriers to Success You say… “Let’s optimize facilities to better meet student needs.” They hear…

  6. The Solution:Communication & Support Communicate, communicate, communicate!

  7. Legal Considerations Presented by Philip J. Henderson Attorney at Law, Orbach Huff & Suarez LLP

  8. Legal Steps to Surplus Property

  9. Legal Steps to Surplus Property: 7-11 Process

  10. Legal Steps to Surplus Property: Pre-Bid Statutory Requirements

  11. Legal Steps to Surplus Property:Formal Bidding Do not do this alone. Hire legal counsel or property consultant with school district property experience.

  12. Legal Steps to Surplus Property:Use of Proceeds

  13. Case StudiesHayward Unified School District Presented by Dominic Dutra, Principal of Dutra Cerro Graden

  14. Case Study: Community Partnership Total Campus Size35.75 AC Building Area 170,000 SF (approx.) Field Area 17.02 AC (approx.) • Program – 20.5 AC • 80,000 SF – Adult Ed (Exist. 1-Story Bldgs.) • 80,000 SF – (Exist. 1-Story Bldgs.) • 70,000 SF – ROP (New 2-Story Bldg.) • Community Use – 15.25 AC • 20,000 SF Community Center (New 1-Story Bldg.) • Recreational Pools (2) • Baseball Field (1) • Softball Field (1) • Soccer Fields (2) • Basketball Courts (8) • Parking (shared between public & district programs)

  15. Case Study: School Site Land Lease 112 Units – Faculty/Student Housing 182 Units – Faculty/Student Housing Selection CriteriaSoon to be Vacated, Proximity to University Land Use StrategyLand Lease for Faculty-Student Housing ConsiderationsDemand for Faculty Housing, Neighbor Concerns Income Generated$300,000 to $375,000 Annually Expected Timeline36 to 48 Months

  16. Case Study: Joint Venture Opportunity Retail Center Conceptual Site Plan

  17. Case StudiesCupertino Union School District Presented by Jerry Matranga, former Chief Business Officer of Cupertino Union School District

  18. Cupertino Union School District The Cupertino Union School District Located In Six Cities and in Unincorporated Area of Santa Clara County: • Cupertino • Sunnyvale • San Jose • Santa Clara • Los Altos • Saratoga

  19. Cupertino Union School District

  20. CUSD Partnership With the City of Sunnyvale

  21. CUSD Partnership With the City of Sunnyvale

  22. CUSD Partnership With the City of Sunnyvale Keys to Success: • Collaborative planning with theCity of Sunnyvale staff. • Careful crafting of contract language on sale of lots at Inverness. • In-depth legal examination of certificate of participation financing with bond counsel. • Seller financing yielded over 3% more than cost of certificate of participation financing.

  23. CUSD Partnership With the City of Sunnyvale Unintended Outcome: • The San Jose Mercury News published a glowing editorial about the innovative agreement between the Cupertino Union School District and the City of Sunnyvale on behalf of the community. • This served as a catalyst for a very comprehensive agreement with the City of Cupertino.

  24. CUSD Partnership With the City of Cupertino

  25. CUSD Partnership With the City of Cupertino

  26. CUSD Partnership With the City of Cupertino Keys to Success: • Collaborative planning with the City of Cupertino staff. • Gained support of the plan by all interested parties • City Council, School Board, athletic groups, citizens desiring community center, parents in Fremont Older attendance area, and 7-11 Committee members. • Placed a city utility tax measure on the ballot that required only a 50% “Yes” vote. • The utility tax has since been extended by the voters.

  27. Question & Answer

More Related