Sylvania City School District
Bylaws & Policies
 

7300 - DISPOSITION OF REAL PROPERTY/PERSONAL PROPERTY

The Board of Education believes that the efficient administration of the District requires the disposition of real property and personal property, no longer necessary for the educational program or the operation of the School District.

All property considered for disposition (sale) may be subjected to a current, outside, professional appraisal prior to the solicitation of offers.

Personal property, the value of which does not exceed $10,000, shall be disposed of by the Superintendent in such a manner as will be in the public interest and benefit the School District (See Policy 7310).

Real property, the value of which does not exceed $10,000.00, shall be disposed of by the Board in such manner as will be in the public interest and benefit to the School District.

Property, the value of which exceeds $10,000, shall be sold at public sale to the highest bidder in accordance with law.

Unless the property is being sold to an exempt entity, as- defined in R.C. 3313.41 (C), or the property is being exchanged for an identified parcel of real property that the Board determines it needs for school purposes or the property is being used as part or an entire consideration for the purchase price of the identified real property, pursuant to 3313.41 (F), the District shall attempt to sell the property by public auction after giving proper thirty (30) day notice.

If, after the property has been offered once by public auction, no acceptable bids have been received, the following procedure shall apply:

 A.All property considered for lease or sale shall be reviewed by the Board prior to solicitation of offers. The solicitation of offers by the Board shall include an expiration date.
 B.The authorized agents of the Board to review all purchase or lease offers pertaining to sale or lease of property shall be selected legal counsel and the Superintendent. The Board shall give final approval of all contracts.
 C.In consideration of the best interest of the District and of the residents and taxpayers, the Board reserves the right to reject any and all offers at its sole discretion, regardless of price and terms.
 D.Potential purchasers or lessees shall demonstrate financial capability to meet the terms and conditions of their purchase or lease offer.
 E.Potential purchasers shall demonstrate reasonable likelihood of obtaining necessary city/township approvals and/or compliance with city/township zoning ordinances.

R.C. 3313.17, 3313.40, 3313.41

Revised 3/26/01
Revised 1/28/02