Locate and purchase property suitable for a future elementary school.

 

	Location		Southeast portion of the district
	Real Estate Broker		New Ventures
	Consultants – Land Use		Brent Planning Solutions
	Consultants – Architect		Hutteball & Oremus
	Estimated project cost		$4,500,000
	Estimated completion		TBD

The third party appraiser has determined the value of the property at $1,200,000. The PSA goes to the board for approval on August 27

The UW is reviewing the updated appraisal.

The district has completed the updated appraisal. The new appraisal has been presented to the UW for review.

The district is updating our current appraisal. Discussions with the UW continue.

The UW has received their appraisal. The valuation of the 10 acres is $1.5 million. The district and their representatives are evaluating the appraisal.

No change in status.

 

The University of Washington has assumed ownership of one 10 (ten) acre land parcel in this area, and the district has extended purchase offer to UW.

 

No change in status.

 

No change in status.

 

Project update as of June 11, 2018

The district sent updated Purchase and Sale Agreements to property owners.

 

Project update as of May 10, 2018
The district is preparing undated Purchase and Sale Agreements and offer letters to distribute to the property owners.

 

The district is in possession of updated appraisals for all of the properties.

 

Project update from May 2017 to April 2018

The district has narrowed the property search to one primary location composed of about 22 acres on four or five properties, on the south side of Strumme Road east of Sunset Road. The district has offered purchase and sale agreements to these property owners although at this time none of these have been accepted. Appraisals are being updated in anticipation of submitting one more round of purchase and sale agreement offers. The property acquisition team continues to develop site plans for the property.