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Buy property for future elementary school 19

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

 

Project update as of August 6, 2019

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

 

Project update as of April 9, 2019

The UW is reviewing the updated appraisal.

 

Project update as of March 14, 2019

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

 

Project update as of February 13, 2019

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

 

Project update as of December 4, 2018

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.

 

Project update as of November 7, 2018
No change in status.
 
Project update as of September 12, 2018
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.
 
Project update as of August 9, 2018
No change in status.
 
Project update as of July 12, 2018
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.
 
Project update as of April 10, 2018
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.