No Debate Or Discussion At BOT Meeting Over Borrowing Against Future Bond (Debt) Sales-

Fort Bend school district approves land purchases
New high school planned for Sienna Plantation area

By ZEN T. C. ZHENG
Houston Chronicle

Two weeks after earmarking $5.3 million to acquire 110 acres in east Fort Bend County, the Fort Bend school board Monday night decided to buy another 77 acres in the vicinity for future campuses.

With Trustees Bob Broxson and Stan Magee absent, the school board OK'd $3.4 million — $1 per square foot — to purchase two tracts, one 62 acres and the other 15 acres south of the Sienna Plantation development from H.W. Sienna, L.P. The tracts are south of where Sienna Parkway ends.

Superintendent Tim Jenney said the landowner, which which was asking $1.15 per square foot for the tracts, agreed to slash the total cost by $503,118.

Jenney said school officials are eyeing the land approved Monday night for a new high school, which they hope to open in 2010, and reserve the remaining land for future facility needs.

"It's getting more difficult to acquire land as time goes by," Jenney said. "These tracts of land will provide us with an inventory of property for our future needs."

On Feb. 25, trustees approved the purchase of three tracts — of 65, 30 and 15 acres — located east of FM 521 and south of Texas 6 at a price of $1.1 per square foot from Hannover Estates.

Jenney said school officials are considering the Hannover site for a new elementary school, which would be the 45th in the district, and an alternative learning center.

The planned elementary and alternative learning campuses are part of the bond package voters approved last November. . .(get the full story at: http://www.chron.com/disp/story.mpl/nb/fortbend/news/5608625.html)

or get FBN coverage at:

http://fortbendnow.com/pages/full_story?page_label=home&id=22108-FBISD-Trustees-Approve-Use-Of--10-25-Million-
Toward-Bond-Projects&article-FBISD-Trustees-Approve-Use-Of--10-25-Million-Toward-Bond-
Projects%20=&widget=push&instance=home_news_lead_story&open=&
--------
FBISDWatch comment:

It looks like near market value again was paid for undeveloped land in east fort bend county (FBISD)...