The board reviewed an administrative outline of steps to publicly sell the district’s property at 245 East Exchange Street, including valuation, setting a minimum price (optional), publishing public notices for three weeks, accepting bids or conducting an auction, and the option to reject bids and engage a broker.

Administrators told the board they expect to present a valuation at the Aug. 26 meeting along with a resolution to publish bids. The district’s options include accepting the highest qualifying bid, rejecting all bids and hiring a broker to list the property, or accepting an offer at or above a minimum price if the board sets a reserve.

A staff member flagged an antenna on the building as a potential complication — the board noted they will need to address any use or transfer of the antenna for radios or other communications infrastructure as part of a sale or listing process.

Why it matters: Selling district property triggers statutory notice and bidding processes and can affect district assets and future facilities planning. The board said if no acceptable public bids are received it will use a broker to market the building.

Taper: Administrators said they will return with a valuation and a proposed resolution to publish bids; the board expects to consider a contract at a subsequent meeting if an acceptable bid is received.