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Buildings & Grounds update: Market Street property appraisal and environmental tests complete; cost estimates pending
Summary
The Buildings & Grounds committee reported Feb. 19 that an appraisal, vendor equipment reviews and air-quality/asbestos testing have been completed for the Market Street property; the district is awaiting cost estimates for required renovations.
At the Feb. 19 board meeting, Buildings & Grounds committee staff provided an update on the district’s due diligence for the proposed Market Street property acquisition.
Mister Hain said the district’s appraisal returned in line with expectations, vendors reviewed building equipment and the district received air-quality and asbestos testing results. He told directors the remaining item is cost data for renovation and updates required to make the building ready for the district’s planned use.
Hain said the reports can be shared with the board; he did not provide a timetable for final acquisition decisions pending cost estimates.
Two representatives from Schneider Electric attended the meeting to observe, and Hain welcomed them and noted they may present to the board at a later date.
