How is the District paying for the three properties?

(June 2026) The District is paying earnest monies, down payments, and broker fees for the parcels with cash reserves.

(11th & River Street) Payment of the larger sum due at closing will be discussed closer to the time period in 2027.

(9th & River Street)  Payment of the $2.5 million due at closing 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.

(9th & Lee Street) A $100,000 earnest money deposit to be paid at time of signing the PSA and a payment of $3.5 million due at closing will be paid with cash reserves.

Thanks to conservative fiscal management, The District currently has approximately $5.8 million for future projects after all currently approved land acquisitions have been completed.