Downtown Project Community Meeting 8/16/06 1 Oakland Unified School District Downtown Project REDUCE DISTRICT DEBT, FREE UP RESOURCES FOR ACADEMIC PROGRAMS

Downtown Project Community Meeting 8/16/06 2 Presentation Outline Overview of the Downtown Project –What are the Community Directives? –What are the Key Project Objectives? School Locations: –La Escuelita will be rebuilt on the Downtown Property –MetWest will be rebuilt on the Downtown Property –Dewey to relocate to a District site –Child Development Centers to remain on site or at Laney College Economic Benefits – Free Up Resources for Education City Approval Process

Downtown Project Community Meeting 8/16/06 3 PUBLIC COMMENT COMMUNITY DIRECTIVES No school closed.

Downtown Project Community Meeting 8/16/06 4 REBUILD LA ESCUELITA ON DOWNTOWN SITE La Escuelita will be built as a new and expanded facility. Measure A funds have been reserved. District will lease land on project site for $1 per year.

Downtown Project Community Meeting 8/16/06 5 PERMANENT HOME FOR METWEST DOWNTOWN A new permanent campus for MetWest will be built on the project site or co-located with Laney College. District will lease land on project site for $1 per year. Measure A funds reserved for La Escuelita can support construction of MetWest.

Downtown Project Community Meeting 8/16/06 6 OTHER SCHOOL FACILITIES Dewey High School will relocate. Child Development Centers will be relocated on the Downtown site or co- located with Laney College Early Childhood Education Program.

Downtown Project Community Meeting 8/16/06 7 AERIAL VIEW OF DOWNTOWN PROPERTY Centro Infantil Dewey Administration MetWest YukYau La Escuelita

Downtown Project Community Meeting 8/16/06 8 PROPOSED DEVELOPMENT ON DOWNTOWN SITE REVISED TO INCLUDE LA ESCUELITA AND METWEST

Downtown Project Community Meeting 8/16/06 9 WHEN WILL THE SCHOOLS BE BUILT? The schools will be built as part of the first phase of construction of the new development.

Downtown Project Community Meeting 8/16/06 10 COMMUNITY BENEFITS Affordable Housing Teacher Preference for Affordable Housing Good Jobs for Oakland Residents Social Justice Program Environmentally Respectful/Energy Efficient Development Long Term Income Stream for School Facilities

Downtown Project Community Meeting 8/16/06 11 THE DOWNTOWN PROJECT WILL FOLLOW THE CITY OF OAKLAND’S COMMUNITY APPROVAL PROCESS The developer is required to complete the City Council’s public entitlement approval process. If less than 1000 units are entitled by the City, there will be no property sale, according to the terms set forth in the Letter of Intent.

Downtown Project Community Meeting 8/16/06 12 ESTIMATED NET INCOME FROM PROPOSED SALE Option 1 - Purchase new administrative complex and relocate Dewey –$13,175,000 Option 2 – Lease new administrative complex and relocate Dewey - $9,975,000 + ongoing lease cost. * Option 3 – Relocate administrative complex to inactive school site with short term lease - $25,215,000 * Net sale income $35 Million to $50 Million Plus $10 Million income stream over long term. * Lease of space requires ongoing expense