- November 17, 2024
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The Flagler County School Board has set the minimum bid price for the 42,888-square-foot Flagler Technical Institute building and the 7.44 acres of land on which it sits at $2.3 million, higher than estimates submitted by an appraiser.
Appraiser Charles Cooksey, representing Cooksey and Associates Real Estate Appraisers, said his firm had appraised the “as improved” market value of the property, at 1 Corporate Drive in Palm Coast, at $2,025,000 as of Nov. 11, 2014, and estimated the “land, as vacant” value at $1,150,000.
Board members considered his report at a School Board meeting Tuesday, Feb. 17, but thought his numbers were too low.
“It just seems that there’s far more value, if it’s cleared for commercial,” board member Janet McDonald said, mentioning developments in the Palm Harbor Shopping Center and the county’s purchase of the old Memorial Hospital building.
Cooksey pointed out that the land didn’t front both sides of the highway, and that the cost of construction is high.
“If we set it too high we may receive no bids,” board member Trevor Tucker said. “I also feel that we need to sell this property. If we don’t sell this property, we have a $70,000-a-year carrying cost every year.”
Tucker motioned that the board set the minimum bid price at $1.8 million. The motion failed 3-2 when Board members McDonald, Andy Dance and Colleen Conklin voted against. Dickinson was in favor, along with Tucker. The board considered, but voted down, motion for a bid price of $2.3 million, $2.1 million and $2.5 million before returning to $2.3 million and passing the motion 3-2, with Tucker and Dicksinson dissenting.
The board will review bid proposals June 2.
Correction: This story has been corrected to reflect that the bid price suggested by Tucker was $1.8 million, not $2.8 million as initially reported, and that the final vote on the $2.3 million mimimum bid price was 3-2 with Tucker and Dickinson dissenting.
