Sunset Empire Park and Recreation District board members authorized executive director Skyler Archibald to renegotiate terms of a potential purchase agreement for Broadway Middle School Tuesday night.
The district has offered $2.25 million for the former school, but after due diligence, that offer may be adjusted. The park district must return to the school district to accept or renegotiate the offer by Dec. 31 at 5 p.m.
The board also unanimously authorized Archibald to enter into a lease purchase or loan of up to $2.5 million, with the appointment of special counsel and municipal adviser Hawkins, Delafield & Wood LLP of Portland.
“I think this is going to succeed,” board member Michael Hinton said. He compared the school purchase to the purchase of The Prom in 1920, which came among “vigorous opposition.”
“I think our community will not let us down,” Hinton said.
In September, the park district board authorized Archibald to work with a real estate agent and deliver an offer discussed in executive session to the Seaside School District.
In November, the park district authorized an extension and presented a revised bid. Since that time, the park district has used consultants to review the building’s condition and remediation needs.
The middle school, located off of U.S. Highway 101 and Broadway, is among the school properties relocated to the new Spruce Drive location outside of the tsunami inundation zone.
“Let’s work together,” park district board member Erika Marshall said Tuesday. “Let’s work in partnership with the city and work in partnership with the school district. There’s an opportunity for these three groups to come together, and you'll see we’ll all come together. Let’s try to make this work. Let’s not undercut it.”