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Board approves resolution to sell Young Elementary to development authority after review of costly repairs
Summary
After a presentation on extensive deferred maintenance at Young Elementary, the Springfield Local School Board approved a resolution authorizing sale of the property to the Development Finance Authority of Summit County for $400,000; proceeds will go to the permanent improvement fund.
The Springfield Local School Board voted Feb. 18 to declare the former Young Elementary property surplus and authorize its sale to the Development Finance Authority of Summit County under a presented purchase agreement.
A central-office presenter told the board Young Elementary, built in 1958 with a 1965 addition, is about 32,000 square feet with 22 classrooms on roughly 10.53 acres and faces ‘‘a lot of challenges with repairs necessary,’’ including a failing roof, asbestos that requires abatement, plumbing failures, an on-site sewage treatment system, original single-pane steel windows and masonry problems. The presenter said the full scope of repairs would run into the millions of dollars.
The district had an appraisal in November for $300,000 and the purchase agreement before the board offered $400,000. The presenter said the board would place sale proceeds into the district’s permanent improvement fund to address needed repairs and improvements at remaining buildings that house students.
The board’s resolution finds the property ‘‘no longer needed for any school purposes’’ and authorizes the treasurer and board president to execute closing documents and a limited warranty deed to the development finance authority. The motion was moved, seconded and recorded as approved by members present.
Board discussion included acknowledgment of the building’s long history in the community and concern about disposing of a school facility, contrasted with the district’s need to redirect maintenance resources to occupied buildings.
The sale is intended to free maintenance and grounds staff time, reduce building-specific insurance and connectivity costs, and make funds available for other capital repairs. The board did not provide a timetable for closing beyond authorization to take ‘‘all steps necessary’’ to effect the transaction.
No further action on the property sale was scheduled at the meeting.
