Pleasanton Unified Board Signs $23.5 Million Purchase of Arroyo Center Building in Hacienda | News
The Pleasanton School Board cleared the way last week for the district to purchase the Arroyo Center in the Hacienda Business Park for $23.5 million to become the district’s new headquarters.
The 4-1 vote in favor of the purchase-to-sell agreement on May 12 that would see the Pleasanton Unified School District acquire the West Las Positas Boulevard property through debt financing, with the aim of recouping those funds through the sale of part of the current neighborhood property on Bernal Avenue, likely for future residential development.
“There are several reasons why this makes sense,” administrator Joan Laursen said during the meeting.
Due to the poor condition of the buildings on the Bernal property, the relocation of the district offices and the village high school is imminent, according to Laursen. In addition, the new ownership would result in better facilities and the sale price of the Bernal land is significantly higher than the cost of buying the Arroyo center, she said.
Administrator Kelly Mokashi cast the dissenting vote following public debate over the necessity and benefits of purchasing the property.
“I really feel that I’m concerned about the timeliness and I still have a lot of concerns and there are questions that haven’t been answered,” Mokashi said. Student administrator Saachi Bhayani also opposed the purchase.
The Arroyo Center is located at 5758 and 5794 W. Las Positas Blvd. in the Hacienda business park. It comprises two buildings and spans 6.69 acres of land with approximately 113,000 square feet of facility space – available area is 67,113 square feet, with 37,628 square feet currently leased.
The financing contingency period under the sales contract is 75 days, with a possible extension of 10 days, to secure a Certificate of Participation (COP), which is the borrowing medium that PUSD would use to finance the purchase. . A deposit of $200,000 would be non-refundable once physical and financial contingencies are removed.
Following the purchase, the District plans to put approximately 7 acres of the District’s offices and Village High property up for sale, which may attract interest from residential developers. Located on the outskirts of downtown Pleasanton, the property is valued at between $31 million and $34 million, district staff said.
Board chairman Mark Miller backed the acquisition plan, saying the district retaining Bernal’s property would not benefit anyone.
“We’ve been sweating these assets for a long, long time,” Miller said. “Hanging on to it doesn’t matter, honestly.”
“I think we have to move on,” added administrator Mary Jo Carreon.
After the meeting, Mokashi contacted the Weekly to reiterate his concerns about purchasing the Arroyo Center property.
“(It) appears to have been accelerated despite multiple unknown factors and contingencies, including the potential sale of the downtown PUSD property,” she said.
Mokashi said that it is important to address accessibility issues for the district offices and the village high school and that she supports the promotion of a conducive and positive work and school learning environment, but that it is crucial to reconsider the options.
“However, I think the board needs to consider additional options to determine the best long-term solutions,” she said.
Even though time and resources are limited, speed is required, according to Mokashi.
“We need to demonstrate our ability to resolve district issues in a timely manner and show that we are aware of the impact of our decisions on all of our students,” she said.
As part of the plan, staff suggest that all district functions, including office spaces like the superintendent’s office, business services, student support, teaching, learning and human resources, relocate at the Arroyo Center.
Other operations that will also be moved to available space in the office building include the meeting room, adult training and classroom spaces, adult education and vocational technical education program, graphics, technology, maintenance and warehouse, special education and the local Tri-Valley special education plan. region.
The objectives of the move are to strengthen response and support structures to effectively improve the physical, mental and social well-being of students, families and staff, as well as the objective of maintaining customer service, communication and effective stakeholder engagement, according to district staff.