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FINANCIAL IMPACT: No financial impact will be realized until such time properties are sold <br />and proceeds received. Future sales will be distributed based on 60% to the Schools and 40% <br />to a reserve fund established for future development of an Orange County Southwest Branch <br />Library. <br />RECOMMENDATION(S): The Manager recommends the Board propose to accept the highest <br />offer submitted as outlined above, approve the attached Resolution Authorizing Upset Bid <br />Process and authorize the Chair to sign the resolution as appropriate. <br />