A proposal to sell Enumclaw School District land to fund the construction of a new elementary school was recently presented to the school board.
On Oct. 6, Denise Stiffarm from Pacifica Law Group gave a short presentation on the potential agreement between ESD and Oakpointe, the developer of the Ten Trails neighborhood in Black Diamond.
In short, the district would sell a 40 acre parcel of land to Oakpointe for $40 million to fund the construction of a 550-plus student elementary school.
Additionally, Oakpointe will also finance $25 million for the project, to be repaid via mitigation fees.
This is a highly unusual agreement, as developers typically do not provide funds for public facilities in this fashion. That said, Oakpointe has a vested interest in this project as well.
“This is