Thursday, August 14, 2014

School District Purchases Land for Future Growth

The Grain Valley School District recently entered into contract for an eighty-eight acre section of land located north of Pink Hill Road and west of Buckner-Tarsney Road.  This land will assist the school district in meeting long-range planning needs for facilities into the future. Payments on the land will be made in four annual closings, with the final closing scheduled for the spring of 2017.  No structures are located on the property.

This property is adjacent to existing school district property where North Middle School, Early Childhood Education, and District Administrative Offices are located.  Access to the eighty-eight acres is off of Pink Hill Road.

Superintendent of Schools Dr. Roy Moss highlights the significance of the timing of the purchase, "When this land became available, the Board felt it was a desirable property for the location and price to allow for the long-range planning needs of the district. When it comes to land in the Grain Valley area, timing is everything.  Waiting until the need is immediate could create an undue financial burden to the district to purchase a property this size.”

The total cost of the land is $812,500, which will be paid in annual installments over four years with no interest fees.  Making payments over several years allows the district to purchase the property without accruing additional debt. The school district took a similar multi-year approach in 2003 when purchasing the 48.7 acres that makes up the current campus on Pink Hill Road.

The district is in the second year of a significant addition and renovation to the current high school.  This work will continue in multiple phases for the next ten or more years to increase that building’s capacity from 850 students two years ago to 1400 students.  In time, the district is expected to need a second high school, as well as other schools and activity facilities.