Stanford and PAUSD will partner to create an innovative space where students and faculty from the two institutions will expand their collaboration. Stanford will pay associated construction and furnishing costs up to $15 million for the project on PAUSD property to be determined at a later date.
For 40 years from the date a development agreement between the County and Stanford is approved and final, Stanford will pay PAUSD $5,800 for each new student enrolled in the district who lives in tax-exempt housing on the Stanford campus or elsewhere if the housing satisfies a condition of the 2018 GUP, over the number of students enrolled in district schools who lived in tax-exempt housing on the Stanford campus as of the 2019-20 school year.
A 2 percent increase will be made annually to the per-pupil rate to account for inflation during each of the first 20 years, followed by a 2 percent decline from years 21 through 40 to a minimum of $5,800.
This will provide an estimated $121.9 million in operational support to the school district over the length of the agreement, assuming a growth of275 students in the fourth year and a total of 500 in years 10 and beyond. Firm numbers are not available until Stanford University reaches a Development Agreement with Santa Clara County to determine the number of housing units required for approval.
Stanford will provide or fund $500,000 of capital improvements to Safe Routes to Schools.
The district will make every effort to accommodate students living in housing generated by the GUP at Nixon and Escondido Elementary Schools. Stanford will contribute up to $1 million toward facility expansion or materials expenses generated by this accommodation.
Three years before the General Use Permit ends, Stanford and PAUSD will meet to explore the possibility of a school site in the City of Palo Alto along Sand Hill Road. Discussions may involve an exchange of land, location, timing, and other factors.
Representatives of Stanford and PAUSD will meet annually to discuss the implementation of this agreement, collaboration opportunities, and the timing and location of new housing that may affect district enrollment.
PAUSD will not oppose Stanford’s General Use Permit application and will not pursue any lawsuits related to the approval of the 2018 General Use Permit and associated county approvals.