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Zionsville board authorizes land swap with Pulte Homes, gains parcel and $620,637
Summary
The Zionsville Community Schools Board authorized a land exchange with Pulte Homes of Indiana, acquiring a 33.21-acre parcel in Whitestown in exchange for 21.5 acres in Zionsville and receiving roughly $620,637 to cover the value difference; the move clears a step toward a new school site and passed 5-0.
The Zionsville Community Schools Board of Trustees voted unanimously Feb. 9 to authorize school leadership to proceed with a land-swap agreement with Pulte Homes of Indiana, LLC that would exchange 21.5 acres owned by the district in Zionsville for 33.21 acres in Whitestown and pay the district about $620,637 to cover the difference in property values.
President Katherine Aeschliman opened a public hearing on the proposed transfer and asked Assistant Superintendent of Operations Matthew Doublestein to explain the transaction. Doublestein cited Indiana Code 36-1-11-3 and 36-1-11-9 as the statutory authority for transferring an interest in real estate following a public hearing. No members of the public spoke during the hearing.
Board counsel at Church Church Hittle & Atrium and the leadership team vetted the agreement, Doublestein said, and indicated additional procedural steps will be required before closing. The district’s briefing notes to trustees said the Whitestown parcel would be more advantageous for a future school building, offering a more central location within the district’s attendance area and space for anticipated enrollment growth.
Trustee Christy Wessel-Powell moved to authorize the leadership team to perform every act necessary to enter into the Land Swap Agreement and to complete the future closing; Trustee Jennifer Valentine seconded. The motion passed on a 5-0 vote.
Next steps identified by the board include completing any outstanding legal and title work and satisfying conditions precedent before a final closing. The board did not set a public closing date at the Feb. 9 meeting.
