Title: RE-4 Wynnebrook Elementary

Recommendation:

I recommend the School Board approve the Real Estate Sale and Purchase Contract for acquisition of an improved parcel of land containing 0.20 acres, more or less, located  adjacent to Wynnebrook Elementary 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:

• The improved property located at 1255 Drexel Road, West Palm Beach containing 0.20 acres is adjacent to Wynnebrook Elementary School. (See Exhibit “A”).

• The acquisition of this property is needed for the future modernization of Wynnebrook Elementary.

• The Contract price for the improved property is $265,000.00.  The appraised value of the property is $259,000.00.

• The purchase price was negotiated with the owner as a willing seller.

Demolition Costs: $22,000.00

Financial Impact:
The financial impact to the Project’s Budget is $287,000.00

For Additional Information, contact:

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

Attachments (list):
RE-4 Wynnebrook Elem. Exhibit A.pdf
RE-4 Wynnebrook Elementary Checklist.pdf
RE-4 Wynnebrook Elem. Resolution.pdf
Q&ARE4.doc