Title: RE1- New Suncoast High School

Recommendation:
I recommend the School Board approve the Real Estate Sale and Purchase Contract and Addendum for acquisition of an improved property containing 7,500sf, more or less, Riviera Beach for the New Suncoast High School campus as herein described; approve a Post Closing Occupancy Agreement; approve a resolution declaring structure (s) 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 School Board approved the conceptual plan for the relocation of Suncoast High School and the construction of the New Riviera Beach Area High School (02-MMM) on the future expanded site of Suncoast High School.

• The New Suncoast High School is included in the Five Year Capital Plan.

• The improved property located at 1682 West 17^th Street, Riviera Beach containing 7,500sf is adjacent to John F. Kennedy Middle School.

• The modernization of John F. Kennedy Middle School and the relocation of Suncoast High School require the acquisition of an additional +32.81 acres. (See Exhibit “A” & A1”).

• The School District has already acquired +11.60 of the +32.81 acres.

• The Contract price for the improved property is $256,000.00.  The appraised value of the property is $210,000.00.

• The Post Closing Occupancy Agreement permits the Seller to remain on the property 90 days beyong the closing date.

• The Seller will indemnify the School Board from any liability following closing.

• This property was approved for eminent domain at the September 20, 2006 Board Meeting.

• Staff was able to negotiate a settlement with the owner’s attorney prior to filing eminent domain with the Court.

• The settlement includes an additional $6,000.00 for seller’s associated costs.

Financial Impact:
The financial impact to the Project's Budget is $282,000.00.

For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)
Joseph M. Sanches

Attachments (list):
RE-1 New Suncoast H.S. Exhibit A.pdf
RE-1 New Suncoast H.S. Exhibit A-1.pdf
RE-1 New Suncoast H.S. Demolition Resolution.pdf
RE-1 New Suncoast H.S. Checklist.pdf
RE-1 New Suncoast H.S. Beneficial Interest.pdf