Council_Land Aquisition Strategy_07.07.2026.pdf
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BUHSD Land Acquisition Strategy July 7, 2026 Regular Council Meeting 1 AGENDA • The Land Swap Strategy • Land Acquisition Summary • Shared Benefits • Transaction Summary & Timeline • Shared Parking Agreement • Components of the Land Acquisition • BUHSD Property • A-Wing • 620 Property 2 THE LAND SWAP STRATEGY • BUHSD and City of Buckeye intend to enter into an agreement involving an equal exchange of assets • These types of exchanges are allowable under State Statute • The land swap strategy is the best option for both BUHSD and the City 3 LAND ACQUISITION SUMMARY 57 Acres plus Fillmore Street 120 ac/ft/yr Water Capacity $13.57 million A-Wing plus improvements 620 Property plus improvements Brokerage Costs $13.57 million 4 ASSETS MAP 5 BUHSD Land 57 acres + Fillmore Street 620 Property 3.9 acres A-Wing 2 acres SHARED BENEFITS • Agreement supports the expanding demands on the district's administrative needs which supports the growing student population; which is a direct result of the population growth in Buckeye. • City ensures any development aligns with the city’s general plan, zoning regulations, and strategic long-term growth plans. 6 This agreement reflects the Buckeye City Council’s commitment to proactive, strategic planning that balances the needs of education, infrastructure and community development. TRANSACTION SUMMARY & TIMELINE VALUATION BUHSD $13.1 million 57acres + Fillmore Street $473,000 120 ac/ft/yr Water Capacity $13.57 million TOTAL 7 VALUATION CITY OF BUCKEYE $10.05 million CIP: A-Wing and 620 Property Design and Construction $1.5 million (paid) 620 Property Land Purchase $1.6 million A-Wing Appraised Valuation $92,500 Fillmore Street $327,500 Brokerage Fees $13.57 million TOTAL July 2026 Council approve the Land Acquisition Strategy Due Diligence Period 120 Days CIP Investments in A-Wing and 620 Property November 2028 Close of Escrow Transfer of Deeds SHARED PARKING AGREEMENT Current: • BUHSD & West-MEC: (June 2021) Proposed: • City of Buckeye & West-MEC (Close of Escrow) • IGA includes: • Mutual access agreement • Removal of First Right of Refusal • Potential parking relocation • First 5 years – 100% • Second 5 years – 50% 8 Parking Lot A Parking Lot B COMPONENTS OF THE LAND AQUISITION • BUHSD: Land Overview • CITY: A-Wing • CITY: 620 Property 9 BUHSD | LAND OVERVIEW Overview: • Land west of the NWC of Verrado Way & Van Buren • Approximately 57 acres + Fillmore Street • Acquiring 120 ac/ft/yr Water Capacity in North Airport Road Water Campus • Located within The Landing Specific Area Plan • Current Zoning: Planned Residential • Valuation: $13.1 million ($5.25/sf) 10 57 acres + Fillmore Street Fillmore Street CITY | A-WING 11 Overview: • BUHSD leases | Signed 2021 (10 year) • Prepaid Rent: $436,700 • Valuation = $1.6 million (June 2025) Improvements: • Large employee/training room for events, long- term solution for Governing Board Meeting Space, expansion of administrative services. CITY | 620 Property 12 Overview: • Size: 3.9 acres • Council unanimously approved purchase Summer 2025 • Purchase price: $1.5 million Improvements: • BUHSD expansion of vehicle maintenance facility (aka Bus Barn); to include bus parking and barns, additional parking for staff, all civil and utility work. Including aesthetics like wall, landscaping, etc. COUNCIL ACTION Two separate actions tonight: Staff recommends approval of both actions. • BUHSD & City of Buckeye Intergovernmental Agreement & Authorization of CIP Funding • West-MEC & City of Buckeye Cross-Access and Shared Parking Easement 13 QUESTIONS 14