I have it documented on the Krystal land deal page that the HUSD paid $1,400,000.00- that is One Million Four Hundred Thousand dollars for two (2) parcels of property (APN Nos. 397-161-14 and 397-161-15). The formula for establishing the price that Peterson Land and Development or PL&D Investments paid for the land is by using the Transfer Tax paid at the time of the sale. The tax works this way, for every $1000.00 of money that is paid for a piece of property in the city, the City of Hesperia gets 55 cents of transfer tax and the County of San Bernardino gets 55 cents. For a total of $1.10 tax paid for every $1000.00 paid for the property. Based on this formula PL&D paid $165.00 in transfer tax for parcel 0397-161-15. $165.00 divided by $1.10 equals 150. 150 multiplied by 1000 equals $150,000.00

My math has Peterson Land and Development paying $150,000.00 for parcel number 0397-161-15 with the time stamp of 1/27/2004 of when it was recorded by the County. Using the same formula a transfer tax of $68.20 was paid for parcel number 0397-161-14 by PL&D. $68.20 divided by $1.10 equals 62. 62 multiplied by 1000 equals $62,000.00

So we have PL&D buying the 2 separate properties in early 2004 for $150,000.00 and $62,000.00 for a total of around $212,000.00. Then selling the 2 parcels to the HUSD for $1,400,000.00 on October 11,2006. For a net profit of $1,188,000.00 or One Million,One Hundred and Eighty Eight Thousand Dollars for owning this land a little over 2 years.

So was this deal set up way in advance based on having connections on the school board? Was the deal pushed through the process as fast as possible to move the money into the developers bank account? What are the positives about the Krystal location that make it the logical best choice for an elementary school? What other locations were considered? How about all of the property by Lime Street School or next to Sultana High School?