The Loveland City School District Board of Education voted last night to enter into an agreement with the City of Loveland to transfer property from city ownership to the school district. The property is a 9.5-acre parcel adjacent to Loveland High School. 

“We are fortunate to have a great working relationship with the City of Loveland, and appreciate the opportunity to find a win-win partnership between our two organizations,” Loveland City School District Board of Education President Jonathan Eilert said. 

“This property transfer would satisfy upcoming Tax Increment Finance (TIF) payments owed to the school district by the City of Loveland. If approved by the City of Loveland, the property transfer will not impact the district’s general fund budget, no financing is involved, and no funds would be transferred between the City and the District,” Treasurer John Espy said. 

The property has been known as Boike Park. It includes two athletic fields used for community youth sports. Those fields would remain available for community use. 

“Having both sides of Tiger Trail under school district ownership would be an improvement for staff and student safety. Currently, when our lots are full, students use Phillips Park and cross Rich Road during busy traffic times. If we acquire the property, we may be able to expand student parking in the future. We’re fortunate to have a great relationship with the City, and to have found a potential solution to this upcoming TIF payment that makes the district whole without impacting the city’s bottom line,” Superintendent Mike Broadwater said. 

The Board of Education approved its portion of the agreement during its January 20 Board Business Meeting. The Loveland City Council is expected to consider its portion of the agreement during meetings in February.