ADVISORY/Hayward City Council and School District Ratify Plans to Build New School at Blue Rock

Business Wire, June 8, 2004

News Editors/Assignment Desks

ADVISORY...for Tuesday (June 8)

--(BUSINESS WIRE)

Settlement Agreement Preserves State Funding for Hayward's

First Elementary School in 40 Years

WHO:      Hayward City Council
          Hayward School Board Members
          Representatives of the Hayward Unified School District
          Blue Rock Developer, Hayward 1900
          Hayward Unites for the Future (HUFF)

WHAT:     In a resolution reaffirming support of the Blue Rock
          project, the City Council, Hayward Unified School District
          and Blue Rock's developer, Hayward 1900, will formally
          announce the preservation of funds to build Hayward's new
          public elementary school.

WHEN:     TONIGHT Tuesday, June 8, 2004
          8 p.m.

WHERE:    Hayward Council Chambers, 2nd Floor of 777 B Street
          Hayward, CA 94541

After mediation under the auspices of the U.S. Ninth Circuit Court of Appeals, the developer of the Blue Rock project in Hayward has reached an agreement with project opponents, confirming that the project does not jeopardize the area's threatened species. The agreement allows for immediate construction of the first new elementary school in Hayward in 40 years, to be paid for by the developer with a contribution of $8.5 million from the State of California.