The Floyd County Board of Education decided to sell the school district’s former central office location this week.
During a special meeting on Wednesday, the board unanimously voted to declare the building and a parking lot located down the street from it on North Front Avenue as surplus and to seek an appraisal from a certified appraiser approved by the Kentucky Department of Education.
Board members were informed that the estimated cost of advertising and an appraisal required to seek bids should not exceed $3,000.
“This facility has little real value to the educational needs of the district and we will be spending more funds for upkeep than the value of the building,” the issue paper submitted to the board said.
In August, the board of education approved moving its central office from the 107-year-old building on North Front Avenue to the former Allen Central High School. The last department to move into that facility — finance department staff — finished their move about a month ago. Wednesday’s special meeting was held there.
When the move was approved, Superintendent Danny Adkins reported that renovations needed on the 107-year-old building would top around $2.5 million. Wednesday, he estimated that the district could save between $30,000 and $50,000 alone in utilities if it is sold as surplus.
He told board members that he has already received inquiries from three entities that are interested in buying the building and/or the parking lot.