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Avon council authorizes pursuit of purchase for 200 Fisher Drive as possible BOE central office
Summary
Council authorized the Town Manager to enter a Purchase & Sale Agreement for 200 Fisher Drive (about 5.5 acres, proposed purchase price $2.25 million) and referred the property for 8-24 Planning & Zoning review; council discussed a 90-day due-diligence period and projected renovation costs for alternatives.
The Avon Town Council authorized the Town Manager June 6 to enter a Purchase & Sale Agreement for 200 Fisher Drive as a location for Board of Education central offices.
Town Manager Brandon L. Robertson said the roughly five-and-a-half-acre site is the most cost-effective option the town has identified for meeting the Board of Education’s space needs compared with renovating the existing building or constructing new space. The proposed purchase price is $2,250,000; the agreement allows a 90-day due-diligence period to complete a phase-one environmental review, title search, appraisal, property boundary survey, and an operating-cost and revenue analysis.
Robertson said projected renovation of the town’s existing central-office building would cost about $10.4 million, making the Fisher Drive option financially attractive. The town also plans to analyze tenant opportunities to offset debt service and operating costs.
Council voted to authorize the Town Manager to sign the Purchase & Sale Agreement and recommended the acquisition for an 8-24 Planning & Zoning review. The council noted the town had appropriated approximately $20,000 for due-diligence work in the capital budget.
Next steps: the town will complete due diligence within the 90-day window, present financial analysis and findings to the Board of Finance and Planning & Zoning (8-24 review), and—if warranted—seek a larger appropriation and a Special Town Meeting to approve the acquisition.
