Board Agenda - May 15, 2007

j. Approval of Real Estate Sales Contract between Plano ISD (Purchaser) and United Pentecostal Church o

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

The District has reached an agreement with the United Pentecostal Church of Plano, DBA Abundant Life - D. Rigdon, to purchase a tract of land located at Parker Road and San Gabriel Drive, in the City of Plano. The property would be designated for a future school site. The land is approximately 12.92 acres. Attached is a copy of the site. The contract will be sent under separate cover. Also, as with other sites, the contract is subject to the receipt and review of a preliminary plat and an environmental assessment.

Recommendation:

The Administration recommends the approval of a Real Estate Sales Contract between Plano ISD (Purchaser) and United Pentecostal Church of Plano, DBA Abundant Life - D. Rigdon (Seller) for the purchase of approximately 12.92 acres of land, subject to the receipt and review of a survey and an environmental assessment. The Superintendent or his Designee is authorized to close on the property after all terms and conditions set forth in the contract have been fulfilled.

Business Impact:

Summary:

Appendix:

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