GENEVA – Geneva School District 304 officials voted Monday to authorize the sale of 28 acres it owns on the northwest corner of Keslinger and Brundige roads.
The minimum selling price is $2.2 million, officials said. The district has 60 days to sell the property by sealed bids. Officials said the land is unnecessary, unsuitable and inconvenient for a school.
If it does not sell at the minimum price, the district may go to auction, Assistant Superintendent for Business Services Donna Oberg said. If it does not sell at auction, then it can be put up for sale through a real estate agent with a commission not to exceed 7 percent.
Oberg said the district paid nearly $1.5 million for the property in January 2007 for a maintenance facility and bus parking. Half the money came from the operations and maintenance fund and half from the transportation fund.
After the economy tanked, the district did not have a need to build a maintenance facility and uses extra space at the middle schools to park buses.
The sale price is higher to make up for the additional cost of investing on frontage and retention on the property, Oberg said.