Chandler USD approves resolution for lease agreement for new school sites ahead of bond election

The Chandler USD board voted Aug. 28 to approve a resolution allowing the district to move forward with a lease agreement for two new elementary schools.

The Chandler USD board voted Aug. 28 to approve a resolution allowing the district to move forward with a lease agreement for two new elementary schools.

The Chandler USD board unanimously approved a resolution Aug. 28 to allow the district to enter a ground lease and lease-purchase agreement for the two new schools the district plans to build.

The agreement stipulates district costs will not exceed $36 million. Lease purchase proceeds will be used for the funding of a portion of the new high school land site and to fund construction for Elementary No. 31—a project the district hopes to wrap up before the 2019-20 school year.

Lana Berry, Chandler USD's chief financial officer, told the board Wednesday if the $290.25 million bond passes in the November election, the district expects to pay the lease off by July 1, 2021.

Berry said the district is still determining which bank the agreement will ultimately go through, noting they received seven proposals, but said she was hopeful a selection would be made in the coming weeks. Berry said they determined it was best to look at banks offering fixed rates, since rates were low and the district could then avoid the risk of higher rates in the future.
SHARE THIS STORY


MOST RECENT

Mesa Public Schools Superintendent Ember Conley. (Courtesy Mesa Public Schools)
Mesa Public Schools Board places superintendent on paid leave

Superintendent Ember Conley has been placed on leave as of Nov. 18.

traffic
ADOT plans more Loop 101 closures

More lane closures will take effect this weekend as work continues on Loop 101.

Construction is ongoing as the Arizona Department of Transportation works to expand Loop 101 through Chandler. (Damien Hernandez/Community Impact Newspaper)
Ongoing efforts to widen Loop 101 through Chandler spur more closures

The Arizona Department of Transportation is continuing to close segments of Loop 101 as crews work to add one travel lane in each direction on a stretch of the freeway.

Deep AZ is now open in Chandler

Deep AZ Ayurveda Spa & Henna Boutique opened Oct. 19 at 393 W. Warner Road in Chandler. The spa offers skin …

Chandler USD district headquarters (Alexa D'Angelo/Community Impact Newspaper)
Chandler USD board approves two new cooling towers at schools

The Chandler USD governing board approved Nov. 13 the replacement of the cooling towers at Bologna and Tarwater elementary schools.

State and city dignitaries celebrated the ribbon cutting at Northrop Grumman in Chandler on Nov. 12. (Courtesy Chandler Chamber of Commerce)
Northrop Grumman celebrates expansion with ribbon cutting in Chandler

Northrop Grumman celebrated a ribbon cutting of its new, 633,000-square-foot complex in Chandler on Nov. 12. The new building is home to about 2,500 employees focused on missile defense work at located at 1575 S. Price Road.

Insight will combine its Tempe locations to create one location in Chandler. (Courtesy City of Chandler)
Insight to combine two Tempe offices in a new office space in Chandler

The new building should be open by the end of 2020.

Over Easy, a breakfast restaurant, opened in the Overstreet development in downtown Chandler Nov. 12. (Alexa D'Angelo/Community Impact Newspaper)
Over Easy opens in Chandler on Nov. 12

Over Easy opened Nov. 12 in Chandler. Located in the downtown Overstreet development at 140 N. Arizona Ave, the restaurant offers a breakfast and brunch menu. www.eatatovereasy.com

The Marriott Phoenix Chandler opened Nov. 12. (Courtesy Marriott Phoenix Chandler)
The Marriott Phoenix Chandler is now open

The Marriott Phoenix Chandler opened Nov. 12. The hotel, located at 1600 S. Price Road, is Chandler’s first full-service Marriott hotel and offers the largest conference space in Chandler, according to hotel officials. 480-732-1600. www.marriottphoenixchandler.com

(Courtesy Adobe Stock)
Final election results: Chandler, Mesa school district efforts pass

On the ballot for the Nov. 5 mail-in election were two measures from school districts serving Chandler families—Mesa Public Schools and Chandler USD. Both questions on the ballot passed, according to final totals from the Marciopa County Recorder's Office released Nov. 8.

The Brickyard co-owner, Gavin Jacobs, said he hopes the restaurant is a place where people gather and relax. (Alexa D'Angelo/Community Impact Newspaper)
Cocktails and tapas restaurant, The Brickyard, aims to be downtown’s go-to dining spot

The Brickyard hopes to be a go-to spot in downtown Chandler.

Arizona Flower Co. now open in Chandler

Arizona Flower Co. opened Sept. 19 in Chandler. Located at 975 E. Riggs Road, Ste. 11, the business …

Back to top