G-RF board to regroup on sale of deactivated school

G-RF board to regroup on sale of deactivated school

GEORGETOWN — School members say they are reconsidering their options after receiving no bids for the purchase of the deactivated Ridge Farm Elementary School property.

The Georgetown-Ridge Farm School Board voted last year to close the elementary school after the end of the 2012-13 school year. The board sought bids for the 35,000-square-foot building and 13 acres of grounds around it, with a reserve price of $150,000, and had set a special meeting Monday evening to open the bids.

School board President Kevin Latoz said the board members would think about the best options to move forward and would likely decide at the Dec. 9 meeting whether to seek new bids for the purchase, to try to sell the property at an auction, or to use a professional commercial real estate agent to help find potential buyers.

In other business, board members approved a preliminary property tax levy for the upcoming year that may generate an additional $147,000 in revenue for the district, and plan to vote on its formal approval next month.

Superintendent Jean Neal said that she based the proposed levy on the assumption that the equalized assessed valuation of all property in the Georgetown-Ridge Farm school district would increase by about $2 million, from about $58 million to about $60 million.


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