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School board met via Google Hangout Monday, also discussed sale of 2017 capital bond

In the midst of a pandemic, Lake Oswego School Board met in an unconventional way Monday March 30 — virtually, via Google Hangout.

The board was presented information on the boundary review process and the sale of the remainder of the 2017 capital investment bond.

The Elementary Boundary Review Committee presented three recommendations of how to restructure boundary lines to the school board.

Option A — the preferred option at this time for Superintendent Lora de la Cruz — would adjust the north side boundaries to balance Lake Grove, Oak Creek and Forest Hills, and leave south side boundaries unchanged until a permanent plan can be made for the Spanish Immersion Program, which currently resides at the south side school River Grove.

Option B would adjust northside boundaries to balance as in Option A while recalibrating boundaries across the three southside schools. This option would keep Immersion at River Grove.

Option C would adjust northside boundaries to balance as in option A and B. It would also open a seventh school, Palisades, and split the Forest Hills attendance area into two different middle and high schools unless a decision is made to change the secondary boundary to incorporate all of Hallinan, which it currently does not. This option would also keep Immersion at River Grove.

De la Cruz said the majority of the committee prefers Option A, and that it would allow for capacity issues to be addressed while giving the district time to plan for the future.

"I know we need to make some immediate commitments to provide relief in some ways to River Grove and that's something that our team is talking about right now," she said."Recommendation A has for us the space built into it to envision how we can best provide for really robust programming and also keep that inclusive spirit that River Grove has right now." River Grove's capacity is currently at 93%.

A committee member said that the pause in the process with Option A is the result of not wanting to move a group of students temporarily.

A final decision will come later this spring.

Assistant Superintendent of Business Stuart Ketzler then gave a preliminary update on the sale of the remainder of the 2017 capital investment bond. The sale happened last Thursday but is not yet finalized.

"Assuming we do move to closing this Thursday … the results of our sale actually came in on the higher range, actually slightly even exceeding some of the projections that were shared with the school board," Ketzler said.

He added that the net premium on the bond sale was $7.15 million.


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