Description
The Lakewood Board of Education is selling two former school properties—Ella G. Clarke School (≈ 11.59 acres, 77,591 sq ft building) and Lakewood Early Childhood Center (≈ 4.55 acres, 3,263 sq ft admin building plus 16 classroom trailers)—“as‑is, where‑is.” Bids must meet or exceed the minimum purchase prices of $37.5 M for Clarke and $15 M for LECC, include a $100 k security deposit per parcel, and be submitted by 10 a.m. on 12 Feb 2026. The Board will award to the highest total price, with a decision expected by the second regular Board meeting after opening (early March 2026). Closing must occur within 60 days of award. The buyer assumes all physical, environmental, and zoning risks; no inspection contingency is permitted. Financing must be secured (mortgage commitment valid ≥ 90 days post‑award) or the Board may terminate.
• Minimum purchase prices: $37.5 M (Clarke) and $15 M (LECC).
• Required deposits: $100 k security per property + 5 % good‑faith deposit after award.
• Deadline: Bid opening 12 Feb 2026, 10:00 a.m.; pre‑bid inspections 26‑30 Jan 2026 (by appointment).
• “As‑is” sale – buyer bears all structural, environmental, and zoning liabilities.
• Board may reject the highest bid or split awards if it yields a higher combined price.