Strongsville Board of Education to Move Forward with Sale of Former Drake Elementary School Building & Property
Contact: Dan Foust, Communications Coordinator
Strongsville City Schools
440.572.7026 / email@example.com
OH (September 19, 2016) - During a special Strongsville Board of Education meeting held
this evening, the Board voted to accept a recent public auction bid of $200,000
and move forward with the sale of the former Drake Elementary School building
and property. Michael Chambers submitted the highest bid during this recent
public auction, with his stated intent to further develop this property for an
assisted living facility and independent living villas.
decision will save the District $291,000 in demolition costs for the building
and will also provide $200,000 from the auction bid, for a total of $491,000
for the District to use for capital improvement projects.
the recommendation of the Board Facilities Development Committee,
Strongsville’s Board of Education recently approved placing the former Drake
Elementary school building and property up for public auction to determine the
market value of these district assets, and potential sale to an interested
buyer. Strongsville’s Board of Education reserved the right to accept or reject
the public auction’s top bid based on intended use of the property.
of our stated District goals is financial prudence, which guides our
decision-making as a Board. Our fiduciary responsibility was to weigh the facts
and consider the reward, as well as the risk in making this decision for the
Drake Elementary property. This decision was made with much discussion and
consideration, including our respect and acknowledgement of the impact this
sale has for those in the immediate vicinity and neighborhood of this building
and property. We are confident that the buyer’s intended use of the property
will benefit our community, and as a District, we are also gaining $491,000 in
revenue which will further assist in future improvement projects for our
existing facilities,” said Carl Naso, Strongsville Board of Education
City Schools, in partnership with the community,
will ensure all students reach their fullest potential through challenging curriculum and activities,
provided by a highly qualified, motivated staff, in a safe, supportive environment with up-to-date facilities and technology.