Policy 3400-1

Sales of Real or Other Property

Sales of Real or Other Property

Reviewed and affirmed by the Board: 
Last Revision: 
Original publish date: 01/26/2010
Related policies & regulations:  
Legal references:  

  

The following regulations shall provide guidelines for the sale of real property or facilities:

1. The intention to sell shall be publicized via school newsletter, a weekly memo, a bulletin posting, a newspaper advertisement or other means suitable to the value and nature of the property.
2. Timing of the sale may vary depending upon the current need for money in the current building fund and the property market.
3. Buildings and sites will be sold to the highest bidder, except that a minimum acceptable price may be established prior to bidding.
4. At the Lincoln Board of Education’s discretion, the bid procedure may be waived when dealing with another tax-supported body or a nonprofit foundation which is being utilized to support a tax-supported body, when trading or dealing with exchanges of buildings or land or when the property will be used to continue a community use.
5. Annually, staff, upon request, will provide a list of unoccupied sites to the Board.

The following regulations shall provide guidelines for the sale of other property:

1. Other property items that have little or no value shall be discarded or recycled as appropriate pursuant to Policy 3400.
2. Except as provided in subsection 1 hereof, other property items will be sold.  The timing and method of the sale or disposal of such other property may vary as circumstances demand and will be contingent on the approval or confirmation by five members of the Board at a regular meeting by a consent agenda item or otherwise.