Welcome » Real Estate » Acquisition of Real Property
When the need for a new school or other district site is determined, the Real Estate Department performs preliminary research needed to determine the suitability of potential properties. This research can include title information, acquisition cost estimates, community impact, or other information that may be required on a specific site for the Board of Education to make an informed decision. When searching for a school site, a thorough search of the target area is conducted to determine the availability of property that is currently for sale.If none exists in the target area, the district looks for other appropriate sites. Once a suitable site has been located, the board must then authorize acquisition procedures.
Once the board authorizes the acquisition of a specific property or properties, the Real Estate Department begins the acquisition process. A notification letter is sent to each property owner. Title research, appraisals, surveys, and environmental studies are obtained on each property. All offers that are submitted to property owners are based on the information that is provided in the appraisals, copies of which are provided to each property owner. Once an agreement is reached, the district purchases the property for the agreed purchase price.
In certain cases when agreement cannot be reached, the district has the right to utilize eminent-domain procedures in accordance with legal requirements.
Current acquisition projects are listed below:
Acquisition of Real Property
When the need for a new school or other district site is determined, the Real Estate Department performs preliminary research needed to determine the suitability of potential properties. This research can include title information, acquisition cost estimates, community impact, or other information that may be required on a specific site for the Board of Education to make an informed decision. When searching for a school site, a thorough search of the target area is conducted to determine the availability of property that is currently for sale.If none exists in the target area, the district looks for other appropriate sites. Once a suitable site has been located, the board must then authorize acquisition procedures.
Once the board authorizes the acquisition of a specific property or properties, the Real Estate Department begins the acquisition process. A notification letter is sent to each property owner. Title research, appraisals, surveys, and environmental studies are obtained on each property. All offers that are submitted to property owners are based on the information that is provided in the appraisals, copies of which are provided to each property owner. Once an agreement is reached, the district purchases the property for the agreed purchase price.
In certain cases when agreement cannot be reached, the district has the right to utilize eminent-domain procedures in accordance with legal requirements.
Current acquisition projects are listed below:
- Eleven residential properties to expand the Crockett Elementary School site
- Unimproved lot to expand the Wainwright Elementary School site
- Unimproved lot to expand the Rusk Elementary School site
- Improved property to expand the Eastwood Academy site
- Unimproved park site to expand the Madison High School site