Description
This solicitation offers the public sale of two former school properties owned by the Lakewood Board of Education: the Ella G Clarke elementary school site (≈ 11.6 acres, 77,591 sq ft building) and the Lakewood Early Childhood Center site (≈ 4.55 acres, 3,263 sq ft building plus 16 trailer classrooms). Both properties are vacant as of July 2025 and will be sold “as‑is, where‑is” with all land, structures, and improvements, except for the Board’s security‑system equipment and other excluded personal property. Bidders must submit a $100,000 security deposit per property, meet minimum bid thresholds ($30 M for Clarke, $7 M for LECC), and provide required certifications (non‑collusion, stock‑owner disclosures, Iran/Russia compliance, etc.). The Board will award the highest responsible bid(s) at its next two regular meetings, with a closing deadline within 60 days of award. The buyer assumes all post‑closing risks, pays all closing costs and taxes, and must deliver a 5 % initial deposit shortly after agreement execution. No inspection contingencies are permitted; due‑diligence must be completed before bid submission.
• Two separate real‑estate assets (elementary school and early‑childhood center) can be awarded to one or two bidders.
• Minimum bids: $30 M for Clarke; $7 M for LECC.
• $100 k security deposit per property; 5 % initial deposit required after award.
• Sale is “as‑is, where‑is”; buyer bears all risk after closing and must cover all closing costs.
• Award decision by the Board’s second regular meeting after the March 4 2026 bid opening; closing within 60 days of award.