D-26, Trinity Oaks May Reach Deal By End of Month
Trinity Oaks Christian Academy plans to add freshmen-level classes.
The vacant Prairie Hill School may have an occupant by fall 2012, with a lease agreement between School District 26 and Trinity Oaks Christian anticipated to be finalized by the end of April.
Once a deal is made, the Oak Knoll property, currently occupied by Trinity Oaks, will be the next building to market, lease or sale, Superintendent Brian Coleman said Monday night at the Community Engagement Committee meeting. "It's highly visible and a good piece of property," he said.
Some of the facilities at Prairie Hill are used by sports clubs in the district but has yet to be determined in the lease agreement with Trinity Oaks.
In early 2011, Trinity Oaks announced that their academy would expand and offer freshman-level (grade 9) classes beginning in the fall of 2012.
Trinity Oaks has leased Oak Knoll from the district since Aug. 1 2004 and is paying the district $13,000 a month in their final year of the lease ending on July 31.
D-26 Prepares Maplewood for Potential Purchase
The village of Cary and the district met with a prospective developer interested in the Maplewood Property last month. The developer is continuing to meet with the district's broker to discuss potential conceptual ideas for the property. Back in January, the district reached an agreement with Colliers’ International to help with the sale of Maplewood.
A phase I assessment on the property was completed before the bidding process began.
The assessment discovers potential or existing environmental contamination liabilities, addressing both the underlying land as well as physical improvements to the property.
The administration has been directed by the Board of Education to pursue a phase II assessment that would sample the soil, air, groundwater and building materials. Jason Larry, vice-president of the board said the assessments are for the district to "have everything in front of us." He noted, once we get interested parties, "we have done the work already."
Chris Spoerl, president of the board, said he's wearing two hats when it comes to the Maplewood deal but "we have a responsibility to maintain and sale the property." Spoerl added that it's up to the village of what company is located there.
The sale of Maplewood would provide funds for capital improvements around the district, Larry said. “Unfortunately it can’t go towards more teachers to lower class sizes because it’s just one influx of cash,” he said.
Maplewood is set a minimum bid of $2.2 million.