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Superintendent: board to consider sale of 3.25 acres to Habitat for $87,474; contingencies include Phase I report and land split
Summary
Sean said the district will present a purchase agreement to sell 3.25 acres to Habitat for Humanity for $87,474, subject to a Phase I environmental report and a land‑division legal description; staff said the buyer will pay related study costs and the item will be on the next board agenda.
Sean told the board staff have prepared a purchase agreement to sell 3.25 acres of district-owned land to Habitat for Humanity for $87,474. The sale is structured as a cash purchase and uses Hassett as the title company; Sean said two contingencies remain: completion of a Phase I environmental study and the land‑division/legal description required by the city.
Sean said the purchaser (Habitat) would pay for the Phase I and that closing-related costs would be handled per the agreement, with no 3% realtor fee because the district is not using a broker. He said staff will place the purchase agreement on the formal agenda for board action at the next meeting, with the closing contingent on completion of the items discussed.
Board members asked why the item appears before all contingencies are closed; staff said timing is driven by the buyer’s investor timeline and the board’s calendar, and that the contingencies are standard protections in a sale.
