Home Classifieds Work For Us Rack Locations Order Photos Contact Us Advertising Info Featured Advertisers

Click here to read
the latest issue

Browse Sections:

Forever Young
Rants & Raves
Crime Report
Calendar of Events
Dining Guide
Special Section Publications
Business & Finance
Business Columns
Star Scopes
Family Issues
Columnist Archives
Crossword Puzzle
Jail Court Live Web Cams

Weather Cams:

Now browsing: Hometown News > News > Indian River County

Auction of school property a success
Rating: 3 / 5 (16 votes)  
Posted: 2013 Dec 06 - 06:45

Allocation of revenue to be discussed in the New Year

By Jessica Creagan


INDIAN RIVER COUNTY -- The sale of two Indian River County school district properties could mean building a new administration complex without borrowing money is financially viable, but discussions about what to do with the revenue won't be anytime soon.

At a Nov. 12 auction, the school district was able to receive a $300,000 bid for the Pleasant Ridge property, which is what the district was looking for, and nearly a week later, approved a post-auction bid for the old Osceola Magnet School property of $710,000, $10,000 more than the appraised prices, district staff said.

In previous discussions about a potential new school district administration complex, school board members and staff said the money raised from the auction could go toward the construction of an administration complex which is desperately needed.

"We were so pleased that we were able to get the appraised value of the properties," said Fran Adams, superintendent of schools.

"It's good for the school district and it's good for the taxpayers," she said.

The last directive given by the Indian River School Board was to have an architect work on a design concept and proposal so the board would have a better grasp of what an administration complex would cost, Ms. Adams said.

"The board is still in the information gathering process. It will be mid-January to February before (the architect) comes before the board again," Ms. Adams said.

"It's very important to the board that they have the information and cost of the building before they make a decision," she said.

Christ Church of Vero Beach hopes to use the 15-acre parcel that used to be the magnet school for church buildings in the future, but as to the future use of the 3.5-acre Pleasant Ridge site, Ms. Adams was unsure.

"I do not know much about the transaction and who purchased the site," she said.

At the auction, Christ Church representatives bid $620,000 for the magnet school site, but since that did not meet the reserve of $700,000, the property was not sold. The auction company worked with the church and another interested party to negotiate a price that met the reserve, and actually, exceeded it.

For more information about the Indian River School Board or the school district, visit www.indianriverschools.org.

Comments powered by Disqus
Can't see the comments?
Read more News stories from the Indian River County community newspaper...

Make this site your Homepage e-mail us

Legal Notices

Join our Mailing List:

Crossword Puzzle:

Archives Calendar:

« Oct, 2014 »
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Search Stories: