FACILITIESAMENDED

Hillsboro School District 1J Board Meeting Agenda April 2026

District Amends Surplus Land Sale with Holt Holdings

$16,791,500 (original); revised to $14,791,500Hillsboro School District 1JHOLT HOLDINGS OR LLCApril 30, 2026

Trusted by teams at

Description

Hillsboro School District 1J approved and ratified a Third Amendment to its Purchase and Sale Agreement with Holt Holdings OR LLC, reducing the sale price for approximately 30 acres of surplus property to $14,791,500 and adjusting payment terms. The Board also authorized district officials to execute all documents necessary to consummate the transaction.

Contract Details

Contract Amount

$16,791,500 (original); revised to $14,791,500

Vendor

HOLT HOLDINGS OR LLC

Agency

Hillsboro School District 1J, OR

Contract Type

FACILITIES

Document Date

April 30, 2026

Renewal Info

Purchase and Sale Agreement originally approved October 28, 2025. First Amendment executed December 29, 2025, Second Amendment on January 6, 2026, and Third Amendment on March 27, 2026; Third Amendment reduces price, adjusts payment terms, and extends approval period, and is approved and ratified by Board resolution on April 30, 2026.