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Prescott board weighs sale of intermediate school; schedules public listening session and gym‑replacement planning
Summary
District administrators reported multiple market valuations for the intermediate school, legal checks on bond/refendum limits, and options to lease back the gym; trustees asked for a standalone public listening session, coordination with the city on zoning and timeline, and a plan for replacing gym space if sold.
Prescott School District administrators reported market valuations and legal options for the district’s intermediate school and asked the school board to set a public listening session before any sale listing.
At the meeting the administration said two broker estimates are on the table: TELUS Realty provided a $3,000,000 valuation while REMAX offered roughly $2.5 million (plus or minus about $250,000). An administrator told the board the district has consulted bond counsel about whether the property may be sold given prior referendum and bond constraints and that the board could choose either a realtor (commission basis) or a real‑estate lawyer (hourly fees) to handle listings and negotiations.
"TELUS Realty…
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