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pls make sure Stanford pays for each new student in the new development

From: domainremoved <Darshana>
Date: Wed, 06 Sep 2017 23:23:47 -0700

Stanford University needs to pay Menlo Park the costs for each extra student who will attend our schools while living in the new Stanford Development on El Camino. It is only fair.

Thank you,
Darshana Maya Greenfield

from Nextdoor:
Stanford University Development Shorting Menlo Park Schools
 <https://thewillows.nextdoor.com/news_feed/?post=62964209>You all may have read a few articles about the Stanford Development on El Camino and its fiscal impact to the school district due to the university being a non-profit. The university is asking for increased zoning allowance requiring a public benefit to the city.

The city has negotiated a BAD deal for the schools and thus a bad deal for property owners in Menlo Park. Based on the projected number of students who will live in this project and attend Menlo Park Schools the short fall in tax revenue due to Stanford being a non-profit will lead to further financial stress for the school district.

A $1M payment over 10 years or even $1.5M over 15 years to the MPAEF is a terrible concession by the City of Menlo Park which will create an even greater structural deficit going forward for Menlo Park Schools. Prioritizing a $5M bike bridge/tunnel over our schools squanders public resources.

We should all urge the city council to only accept a "make whole" formula which requires the University to compensate the school district or education foundation for each student that attends the Menlo Park schools.

If the current proposal moves forward the parents/property owners will be asked to make up the difference thus subsidizing Stanford University. We all just were assessed increased parcel taxes, more will be coming to cover pension costs in the not so distant future. We can't afford to foot the bill for a multi billion dollar school of higher education that thinks its alright to short our children's education.

Please email the city council, city.council_at_(domainremoved)
Received on Wed Sep 06 2017 - 23:29:33 PDT

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