The school district hopes to sell the former Island High School site for about $1 million to raise funds to buy the property.
The school district created a controversy earlier this year when they signed a six-year, $3.5 million lease for the property in Marina Village. The lease includes two options to purchase, the first of which comes due at the end of this year. The second expires on September 30th, 2013.
The lease became an issue in the November 6th school board election contest, which saw teachers, who slammed the deal, back school board incumbent Trish Spencer and two other new candidates for the board. Spencer had voted against the lease, and ultimately came in first in the field of school board candidates, garnering more than 20 percent of the vote.
Purchase of the building by December 31 would cost the school district some $2.6 million more than renting the building to the completion of the lease, but save $425,000 over waiting until next year to exercise the option and purchase the building.
The meeting will be held in the Alameda High School Cafeteria at 2200 Central Avenue. The meeting starts at 6:30 p.m.