Title: RE2 The New West Palm Beach Area Middle School 04-OO

Recommendation:

I recommend the School Board approve the Real Estate Sale and Purchase Contact for acquisition of an improved property of approximately 11.07 acres, more or less, located on Belvedere Road, West Palm Beach, which property shall be designated for the new West Palm Beach Area Middle School 04-OO, 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 new West Palm Beach Area Middle School 04-OO is a prioritized project in
the Five Year Plan.

•         The location of the subject property is within the site search area (see Parcel
Map Exhibit "A").

•         The West Palm Beach Area Middle School 04-OO is scheduled to open by
August 2009.

•         Negotiations with the Seller have resulted in a Real Estate Sale and Purchase
Contract being executed by the Seller.

•         The appraised value is $3,692,500. The contract price is $3,750,000.

•         A Phase I Environmental Audit has been ordered on the site to confirm that there
are no environmental concerns on this property.

Financial Impact:
The financial impact to the Capital Projects Funds Budget is $3,840,000.00

For Additional Information, contact:

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

Attachments (list):
RE2 Olivera 04-00 Checklist 021506.pdf
Resolution 04-OO Middle.pdf
Exhibit A 04-OO Middle School 21506.pdf