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Asset Management

OUSD is in the initial stages of considering the most effective and appropriate use of its real property, including the sale or lease of excess property owned by the District.  In March 2018, the Board of Education authorized Eric Hall & Associates (EH&A) to conduct an Asset Management Study to evaluate five district properties for effective use and identify potential revenue sources.

The five identified properties evaluated were:

  • Ditmar School
  • Ocean Shores High School
  • Pacifica Elementary
  • District Office North (ESS)
  • District Office South

The evaluation of these properties consisted of an inspection and valuation of their current market conditions.  The Asset Management Study includes a Broker Opinion of Value (BOV) for each property prepared by a licensed real estate professional with the intent to derive the highest and best use for the identified properties that will include the most profitable, physically viable, and legally permissible options for consideration.  The Asset Management Study was presented to the Board of Education in October 2018 and again in February 2019 to review the valuations and options for these properties, including sale, lease, joint-use lease, joint-use grant projects, property exchange, and license agreements.

Facilities Advisory (7-11) Committee

Following the presentation in February 2019, the Board of Education directed staff to begin the process to establish the Facilities Advisory (7-11) Committee.  The Board of Education approved the District to take actions necessary to initiate the establishment of the Facilities Advisory (7-11) Committee.  The purpose of the 7-11 Committee is to gather information, present the Board of Education with a report with recommendations, and a list of priorities which is advisory and nonbinding.  The 7-11 Committee shall consist of not less than seven nor more than eleven members and shall be representative of the District community.  Community members who are interested in being on the 7-11 Committee are encouraged to complete an application.  Applications are available online and at the District Office.  Applications are due by 9:00am on Monday, April 15, 2019.