From Deseret News archives:
Jordan District reports under review
Splitting assets, liabilities sticking point for both sides
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The study states the east side currently has greater financial resources as measured by its economic tax base than the west side, and fewer students to support with those resources.
The report says the east side now seeks $112 million from the west side. "Because the East side's demands would not result in a fair or equitable allocation of the District's property, the transition teams have reached an impasse and unfortunately must submit the allocation of the District's property to binding arbitration," it noted.
The east report outlines a history of proposals. In the first proposal, both sides agreed to be fair and equitable. A proposal that was pitched in March included the east side requesting $196 million in bond proceeds. It was rejected.
East transition board members contend their side's aging buildings need attention. "We just want our fair shake," said East transition team member Mike Shelton.
Other proposals that followed didn't fly either. "We're at an impasse," Shelton said. The east report includes ways to calculate Jordan district's assets and liabilities.
The east report also includes a safety net that allows the two teams to come up with a plan and use it even after arbitrators have been selected.
E-mail: astewart@desnews.com
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