The Pleasanton school board will look at ways to add some money to its coffers at its meeting tonight.
In an agreement to be considered tonight, the school district would receive nearly $2.9 million in school impact fees from Pleasanton Gateway LLC in a developer's agreement.
Pleasanton Gateway plans to build 210 multifamily rental units, 62 single-family row houses and 35 single-family, two-story homes on a 26-acre site along Valley Avenue just south of Bernal Avenue and the Pleasanton Gateway shopping center.
The Gateway project recently received approvals for its project from the Pleasanton City Council.
The school district would receive the money in phases as each part of the project is built. Presumably, although not spelled out in the agreement, the money would help offset the extra cost to the district for children from those homes as families move in.
The school board will consider the agreement with Pleasanton Gateway as part of its consent agenda, in which items not requiring a public hearing are voted on in one package.
The board will also consider a resolution to close the commercial property loophole that's risen since the passage of Proposition 13 in 1978.
A resolution by the school board would ask the state to modernize how commercial property is assessed by the state "to allow for more regular commercial property value reassessment."