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New Business - Real Estate

Title: RE1 APPROVE PURCHASE CONTRACT / NORTH GRADE ES PROPERTY

Recommendation:
I recommend the School Board approve the Real Estate Sale and Purchase Contact for acquisition of Lot 15, Block 242, Township of Lucerne located at 807 North “K” Street, Lake Worth, which property is adjacent to North Grade Elementary School Campus, as herein described; approve a Resolution declaring structures located on the property to be acquired by the School Board to be unnecessary for educational purposes, surplus and without commercial value; and authorize the Superintendent and Chairman to sign all necessary documents.

Description:

  • The additions and remodeling project requires that additional land be purchased.

  • The subject, ± .15 acres residential property, will provide part of the land necessary for the school expansion (see Parcel Map Exhibit “A”).

  • Existing parking will be eliminated in order to expand the school facility.

  • This property will be used to expand the existing teacher and visitor parking lot located across the street.

  • The purchase price was negotiated, with the owner as a willing seller, eliminating the need for eminent domain and the costs associated with it.

  • The contract price for the improved property is $165,000.  The appraised value of the property is $165,000.

  • A Phase I Environmental Audit has been completed on the site.  There are no environmental concerns on this property.

  • The house has been designated historic by the City of Lake Worth.

  • In order to preserve this historic house, the City of Lake Worth has arranged to have it relocated with no financial impact to the District.

  • In the event complications arise and the house structurally cannot withstand the move the City will need to give the School District permission to demolish.

  • The School District will not close on the property until the house has been moved or permission has been granted to demolish.

  • Demolition costs:  $15,000

  • Recording fees:  $50.00

     

     

Financial Impact:
The financial impact to the Capital Projects Funds Budget is $180,050.

For Additional Information, contact:

         Joseph M. Moore (moorej@Mail.palmbeach.k12.fl.us)

 \Joseph M. Sanches

Attachments (list):
NorthGradeMap.pdf
NorthGradeDataPanel.pdf
NorthGradeLegalCheckList.pdf

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