Title: RE-3 Addison Mizner Elementary

Recommendation:

I recommend the School Board approve the Real Estate Sale and Purchase Contract for acquisition of an improved property containing 9,027sf, more or less, Boca Raton, Florida, which property is contiguous to the Addison Mizner Elementary School campus as herein described; 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:

• Addison Mizner Elementary is located in an urban fully developed area with no additional land available.

• The improved property located at 301 SW 12^th Avenue, Boca Raton, containing 9,027sf is contiguous to Addison Mizner Elementary. (See Exhibit “A”)

• The owners are relocating and have approached the School District offering the opportunity to acquire contiguous land.

• The acquisition of this property will expand the campus and provide additional frontage on the main access road.

• The Contract price for the improved property is $366,000.00.  The appraised value of the improved property is $366,000.00.

Demolition Costs: $20,000.00

Financial Impact:
The financial impact to the Project’s Budget is $386,000.00

For Additional Information, contact:

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

Attachments (list):
RE-3 Addison Mizner Exhibit A.pdf
RE-3 Addison Mizner - Resolution.pdf
RE-3 Addison Mizner - Checklist.pdf
Q&ARE3.doc