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Kuna trustees approve sale of former gym to City of Kuna with $500,000 at closing and district priority use
Summary
The Kuna Joint School District board approved a revised purchase agreement to transfer the district's former gym and office property to the City of Kuna; the district will receive the appraised value ($1.67 million) and the city will pay $500,000 at closing and the balance upon giving a 60–90 day vacate date. The agreement includes district priority for gym use.
The Kuna Joint School District Board of Trustees voted to approve a revised purchase agreement with the City of Kuna to sell the district's former gym and adjoining office property.
Under the motion the district will receive the appraised value of the property, $1.67 million; the stated purchase price is $1.8 million, with the $130,000 difference applied to closing costs. The city will pay $500,000 at closing and the remainder when it provides a firm vacate date (the agreement frames that as roughly 60'to'90 days before the district must vacate). The motion also…
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