Created : May 10, 2014 at 10:45 PM
May 06, 2014
Status:
Open Agenda
Adopt the revisions to School Board Policy 7002-B, Real Estate Acquisitions at this Final Reading.
School Board Policy 7002-B currently governs the process the District utilizes to acquire real property. A critical component of this Policy is its establishment of the Negotiation Parameters Committee (NPC), whose primary responsibility is to review appraisals conducted for subject properties and subsequently vote to value the real property based on the presented appraisals. In general, changes proposed to the Policy are primarily to do the following:
* Enable the Policy to govern the process the District utilizes in disposing real property. Thus, upon adoption of the proposed revisions, the title of the Policy would become "School Board Policy 7002-B, Real Estate Acquisition and Disposal";
* Require that a third appraisal be obtained If the values as determined by two appraisals differ in value by twenty-five (25%) for properties valued at less than $2,000,000, or differ by $500,000 for properties valued at $2,000,000 or more;
* Add a licensed real estate broker/sales person and a licensed appraiser to the NPC, which would increase membership on the Committee from five (5) to seven (7) members. To address potential conflicts, the Policy requires that both individuals shall be current employees of Broward County government;
* Require that the NPC appoint a chair and vice chair to preside over their meetings;
* Require the Director, Facility Planning & Real Estate (FP&RE) Department to lead all negotiations for properties slated for acquisition or disposition;
* That the Superintendent must agree to NPC recommended parameters before commencement of negotiations, and also to the final agreed upon price;
* That all negotiations be conducted at arm's length. Therefore, no face to face negotiations; and
* That all real estate purchases over $250,000, all land purchases in excess of $500,000, and all sale of surplus real property must be brought before the School Board for consideration on an open agenda, and cannot be passed on a consent agenda.
The revisions were discussed at the May 28, 2013 School Board workshop, September 19, 2013 public rule development meeting, a second School Board workshop on December 10, 2013, and a final adoption at this May 6, 2014 Regular School Board Meeting. Additionally, the Policy changes were advertised on March 23, 2014.
The revised Policy has been reviewed and approved as to form and legal content by the Office of the General Counsel.
There is no financial impact to the School District; therefore, this item does not require a Collaboration Form from the Capital Budget Department.
Requested Action
Adopt the revisions to School Board Policy 7002-B, Real Estate Acquisitions at this Final Reading.
Summary
School Board Policy 7002-B currently governs the process the District utilizes to acquire real property. A critical component of this Policy is its establishment of the Negotiation Parameters Committee (NPC), whose primary responsibility is to review appraisals conducted for subject properties and subsequently vote to value the real property based on the presented appraisals. In general, changes proposed to the Policy are primarily to do the following: * Enable the Policy to govern the process the District utilizes in disposing real property. Thus, upon adoption of the proposed revisions, the title of the Policy would become "School Board Policy 7002-B, Real Estate Acquisition and Disposal"; * Require that a third appraisal be obtained If the values as determined by two appraisals differ in value by twenty-five (25%) for properties valued at less than $2,000,000, or differ by $500,000 for properties valued at $2,000,000 or more; * Add a licensed real estate broker/sales person and a licensed appraiser to the NPC, which would increase membership on the Committee from five (5) to seven (7) members. To address potential conflicts, the Policy requires that both individuals shall be current employees of Broward County government; * Require that the NPC appoint a chair and vice chair to preside over their meetings; * Require the Director, Facility Planning & Real Estate (FP&RE) Department to lead all negotiations for properties slated for acquisition or disposition; * That the Superintendent must agree to NPC recommended parameters before commencement of negotiations, and also to the final agreed upon price; * That all negotiations be conducted at arm's length. Therefore, no face to face negotiations; and * That all real estate purchases over $250,000, all land purchases in excess of $500,000, and all sale of surplus real property must be brought before the School Board for consideration on an open agenda, and cannot be passed on a consent agenda. The revisions were discussed at the May 28, 2013 School Board workshop, September 19, 2013 public rule development meeting, a second School Board workshop on December 10, 2013, and a final adoption at this May 6, 2014 Regular School Board Meeting. Additionally, the Policy changes were advertised on March 23, 2014.
The revised Policy has been reviewed and approved as to form and legal content by the Office of the General Counsel.
School Board Goals
| Goal 2: Continuous Improvement |
Financial Impact
There is no financial impact to the School District; therefore, this item does not require a Collaboration Form from the Capital Budget Department.
Source of Additional Information
Chris Akagbosu 754-321-2162
Associated File Attachments
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Executive Summary (Files) | |
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Revised School Board Policy 7002-B w/underlines and strike through (Files) | |
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Summary of Recommended Changes (Files) | |
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Revised School Board Policy 7002-B Clean Copy (Files) |