The Business Administrator will obtain an appraisal of the property to be sold from a properly qualified real estate appraiser. The Board of Education decides whether to bid the property or negotiate directly with a prospective buyer. A public referendum is required.
The Board may authorize the rental of school district property and will establish a rental schedule. Other lease terms will be negotiated by the Business Administrator with subsequent approval of the Superintendent of Schools and the Board.
All income collected from the sale or lease of district property will be recorded, placed in the district’s general fund, and applied towards the cost of general district operations.