At the September 23, 2014, Board Meeting, the Board of Trustees approved a Resolution to sell approximately 19.75 acres of unbuildable land owned by the District on Bee Cave Road (commonly known as Tract 3 on the Baldwin Property).
The successful bidder for the land was Regal LLC, the same company who is currently under contract to buy approximately 47.7 acres of adjacent land on the Baldwin Property (Tract 2 on the below property map).
The existing sale agreement with Regal LLC to buy Tract 2 on the Baldwin Property is for $4,600,000. The sale of Tract 3 is for $250,000, with a total sale price of $4,850,000 for 67.45 acres.
The remaining 27.4 acres of land on the Baldwin Property (Tract 1) will be retained for future educational needs; the District has issued a to lease the tract until its use has been determined.