Title: RE-1 Wynnebrook Elementary Modernization

Recommendation:

I recommend the School Board approve the Real Estate Sale and Purchase Contract for acquisition of an improved parcel of land containing 0.16 acres, more or less, located adjacent to Wynnebrook Elementary School 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 6132 Westover Road, West Palm Beach, Florida containing 0.16 acres is adjacent to Wynnebrook Elementary School. (See Exhibit "A")
• The acquisition of this property is needed for the future modernization of Wynnebrook Elementary School, which is currently scheduled to take place sometime around 2013 or 2014 depending on availability of funds. 
• The contract price for the improved property is $267,000.00. The appraised value of the property is $261,000.00.
• The purchase price was negotiated with the owner as a willing seller.

Demolition Costs: $20,000.00.

Financial Impact:

The financial impact to the Capital Projects Fund Budget is $287,000.00.

For Additional Information, contact:

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

Joseph M. Sanches

Attachments (list):
RE-1 Wynnebrook Elem. Exhibit A.pdf
RE-1 Wynnebrook - Resolution 041807.pdf
RE-1 Wynnebrook -Checklist 041807.pdf
Q&ARE1.doc