The Las Virgenes Unified School District on Friday agreed to pay $3.25 million for land in Calabasas, where it is building a much-needed middle school.
The action, taken in closed session by the Board of Education, settles a yearlong dispute between the district and the owners of the 31-acre parcel over the value of the land.
The owners placed it at $5.75 million; a district-ordered appraisal set it at $1.25 million.
The new school will be the third junior high in the 12,100-student district and the second in Calabasas.
Grading of the site at Mulholland Highway and Paul Revere Drive began after the district took the property last spring through eminent domain.
