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Thu, Aug. 22

HUSD school board mulls sale of former district office building
Voters to decide issue; district would use money for capital needs

The Humboldt Unified School District’s former headquarters is too small to accommodate its current staff — should they ever want to return to the offices located along Highway 69 at Truwood on the eastern end of Prescott Valley. That is unlikely.

Superintendent Dan Streeter brought the possibility of selling the 10,000-square-foot property to the school board at its July 9 meeting, explaining that the sale of the property would have to come before the voters.

The former district office brings in about $70,000 per year when fully leased out as it is currently; overhead costs are around $10,000.

“This would be a one-time fund that goes to future capital expenses,” Streeter said.

He has looked at current market value, checking comps on similar properties that have sold recently, and believes the property would bring in about $1.6 million. An independent appraisal would be needed before it goes to the voters. If approved, the district then would secure a real estate agent to find a buyer.

Because the property is worth more than $50,000, the district is required to put the sale to the voters. To place the issue on the November 2020 ballot, the district will need to call the election by July 1, 2020.

“This gives the board time to look at options, consult with legal, and not make a rush decision,” Streeter said.

Board member Susie Roth supports the action, and said, “Let’s hope by then it’s worth more than $1.6 million.”

Administrative staff moved from the old site into the Bradshaw Mountain High School East campus buildings in 2010.

Board Vice President Rich Adler said he has been considering this for a while and he believes the timing is right. He questioned over the years whether the district might want or need to use the building in the future for educational purposes depending on the economy, enrollment and different changes in the area.

“At this point, I think there is very little chance we will need that building in the foreseeable future. Given that and the cash-poor capital needs, how are we to generate more funds? It is the only cash value we have,” Adler said. “It seems prudent for the board to find any possible way to raise funds for capital needs.”

Board President Ryan Gray agreed, saying it would take 12 to 13 years to generate the money earned by selling the property.

The item was for discussion only and the board took no action.

Follow Sue Tone on Twitter @ToneNotes. Reach her at stone@prescottaz.com or 928-445-3333, ext. 2043.

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