Title: RE2 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 14, Block 242, Township of Lucerne located at 809 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.

• 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 $178,000.  The appraised value of the property is $171,000.

• This contract is contingent upon the adjacent property, 807 North “K” Street, closing.

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

• Demolition costs:  $15,000

• Recording fees:  $50.00

Financial Impact:

The financial impact to the Capital Projects Funds Budget is $193,050.

For Additional Information, contact:

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

Attachments (list):
NorthGradeLegal Checklist.pdf
NorthGradeMap.pdf
NorthGradeDataPanel.pdf