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Meeting Date:
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8/24/2021 - 5:00 PM
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Category:
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Adoption of Consent Agenda
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Type:
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Action
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Subject:
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Approval of Letter of Intent for the Sale of Westridge Glen and Pinery Surplus School Sites
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End Statements:
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Enclosure
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Attachment #1: Letter of Intent
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File Attachment:
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Summary :
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On October 22, 2019 the Board of Education approved a resolution regarding the use of dedicated school sites. This resolution acknowledged that the Douglas County Board of County Commissioners has asked that the Board of Education consider the disposal of dedicated school sites if they are no longer needed in the foreseeable future for District use. The resolution also recognized that the Long Range Planning Committee designated four school sites as Surplus Sites, and included the provision that Surplus Sites not needed in the foreseeable future may be sold in accordance with applicable law and District policy. The Westridge Glen and Pinery school sites were two of the Surplus Sites included in the resolution.
On June 9, 2020 the Board of Education approved a resolution to waive bid requirements for the sale of dedicated school sites in order to dispose of Surplus Sites in an expeditious manner while maximizing their value.
On November 10, 2020 the Board of Education approved an Exclusive Right-To-Sell Listing Contract with CBRE, Inc., a commercial real estate firm, to represent the District related to the marketing and sale of the Westridge Glen and Pinery Surplus Sites.
CBRE has marketed the Westridge Glen and Pinery Surplus Sites. United Development Companies has submitted a Letter of Intent to purchase these two sites for $7.5 million. If the Letter of Intent is approved by the Board of Education, CBRE will facilitate a Purchase and Sale Contract with United Development Companies to be submitted to the Board of Education for approval.
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Funding:
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Recommendation:
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That the Board of Education approve the Letter of Intent for the Sale of Westridge Glen and Pinery Surplus School Sites under adoption of Consent Agenda.
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Approvals:
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Recommended By:
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Signed By:
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Richard Cosgrove - Chief Operations Officer
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Signed By:
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Corey Wise - Superintendent
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Vote Results:
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| Original Motion | | Member Christina Ciancio-Schor Moved, Member Anthony Graziano seconded to approve the Original motion 'That the Board of Education approve the Letter of Intent for the Sale of Westridge Glen and Pinery Surplus School Sites under adoption of Consent Agenda.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Ray D | Yes | | Christina Ciancio-Schor | Yes | | Anthony Graziano | Yes | | Krista Holtzmann | Yes | | Kevin Leung | Yes | | Susan Meek | Yes | | Elizabeth Hanson | Yes | |
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