Anaverde Elementary is our "community" school. Of the three schools our children attend, Anaverde Hills Elementary, Hillview Middle School, and Highland High School, Anaverde Hills Elementary is the only one that is zoned for ONLY Anaverde residents. Our students are currently sharing a campus with Cottonwood Elementary.
The Anaverde Hills Elementary school is planned to be a 10-acre site, adjacent to the five-acre park at the corner of Greenbriar and Parkwood. The school will be located on the other side of the open field, where Greenbriar ends, in the currently undeveloped area.
Currently, the school is to be built by the school district. The developer owns the land and per the March 2010 Settlement Agreement the developer must make a 10 acre site available, at current market value, for the school district to purchase for the purpose of building the school.
The planned site and the building plans have both been approved by the state. The district has construction funds available through the Measure WS school construction bond measure that was passed two years ago, as well as approximately $7M for construction in an escrow account turned over by the developer during their bankruptcy.
The school district received an appraisal on the planned school site that valued the land at around $340,000. At the peak of the market in 2006 that same land was valued around $3.3M. Legally, the developer has the right to challenge the appraisal, which they have done. So the school district must arrange a second appraisal (which the district must pay for). If the second appraisal is similar to the first, then that value stands as fair market value.
If the second appraisal is much different than the first, the developer has the right to request a third appraisal, which presumably will be closer to one of the first two than the other. The two that are similar would then establish fair market value.
If the developer still does not accept the appraisals, the school district can take the land under eminent domain based on the three appraisals.
The state approvals on the land expire the end of 2011, and it is a very lengthy, costly process to obtain new approvals. The school district hopes to start development on the school before the approvals expire.
In other developments, the district must also obtain new approvals from the city because the school will have to be located 10 feet further north than where Greenbriar currently ends, due to bedrock issues. So Greenbriar will have to be moved or widened by 10 feet to accomodate the northern movement of the school site. The city is aware and is in support of these approvals and the new plans that will have to be submitted.