Grand Lake enters negotiations with school district to acquire Grand Lake Elementary
January 13, 2015
Nothing has been finalized, but the Town of Grand Lake and the East Grand School District (EGSD) are in negotiations for the sale of the Grand Lake Elementary School building to the town.
No final decisions has been made at this time by either entity regarding the school, but the Grand Lake Board of Trustees spoke favorably of the acquisition during their meeting Monday night.
During that meeting Grand Lake Town Attorney Scotty Krob asked for direction from the Board of Trustees so he could move forward in negotiations. Krob said the school district is still interested in transferring the school to Grand Lake but the two entities continue to negotiate the finer details of the proposed contract.
A number of issues are still being discussed between EGSD and Grand Lake regarding the possible acquisition, including allowable uses for the building once Grand Lake takes possession. Krob explained the school district does not want the Town opening a charter school in the facility or any other K-12 school, but was open to most any other proposed use.
If negotiations can be worked out and if both parties agree to the exchange, the school district will sell the Grand Lake Elementary School building to the Town of Grand Lake for $10. Attorney Krob explained the district wants to include language in the contract that would provide the option for the district to take the building back within a five-year window. After the five-year period the building would be completely owned by the Town of Grand Lake.
"They do not want a situation where they give this building to the town and the town turns around and sells it," said Krob.
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Krob said neither the Town of Grand Lake nor the district believes the school district will be taking the facility back. During the Board discussion Grand Lake Mayor Judy Burke noted the Town would like the district to take the facility back and reopen a school there, but did not believe there was much likelihood of that happening.
If Grand Lake were to sell the building during the initial five-year period, a percentage of the sale revenue would go back to the district. The percentage to be returned to the district decreases every year during the five-year period. If Grand Lake does acquire the building the Town will be responsible for all maintenance costs.
Krob was directed by the Board to move forward in negotiations with the district to acquire the facility. The Board will still have a final choice in the matter when the finalized contract is brought before them at a future unspecified date.