How is the District paying for the two properties?

(April 2026) The District is paying earnest monies, down payments, and broker fees for both parcels of property with existing cash reserves.

(11th & River Street) Payment of the larger sum due at closing will be discussed closer to the time period.

(9th & River Street)  Payment of the $2.5 million due at closing (60-days) will be paid with cash reserves. When the District exercises the option to purchase in five-years or later, the larger sum due at closing will be discussed closer to the time period.

Thanks to conservative fiscal management, the District currently has approximately $31 million for future projects and is projected to have $33.9 million by the end of 2026.