ANNSVILLE — The sale of the former Annsville Elementary School facility in Taberg to a Rome-area investor/commercial developer/business owner has been approved by the Camden Board of Education.
The board on Tuesday night approved a $190,000 sales contract with Matt Kilgore, said Camden school district Assistant Superintendent for Business Karl Keil Jr.
The tentative closing/completion date for the sale of the 9374 Main St. site is Aug. 10, Keil said Thursday.
Kilgore, who submitted the only bid for the property, said last month his plans for it include as a multi-use commercial and professional facility, with offices for businesses that he owns plus a private 501(c)(3) non-profit museum and various Town of Annsville municipal offices.
The Camden school board in April voted to close the Annsville school as of June 30, due to factors including declining student enrollment districtwide along with financial considerations including state and federal financial aid that has not been sufficient.
The district has nearly completed removing assets from the site that can be used in its other school buildings where practical, said Keil. Among the materials are furniture, equipment, and technology items, he added. The district is leaving behind some items such as a few built-in freezers, kitchen countertop areas, and some outdated monitoring cameras, he noted.
Kilgore presented his plans for the site to the board last month, said Keil, adding that the board has a “comfort level” with Kilgore as the owner.
Kilgore’s $190,000 bid was in the range of a separate $228,000 appraisal that the district received for the property based on other comparable sales, Keil said. Another appraisal, for $300,000, was based on the building’s square footage, he added; the site is 38,021 square feet.
If the board did not accept the bid, other options would have included listing the property with a realtor and possibly having to mothball/maintain the site for awhile, Keil observed.
A realtor was not used in the initial offering of the site, he added, and the district will net the entire $190,000 purchase price without having to pay a commission.
The sale is a “win-win” for both parties, commented Keil. The district is able to sell the building based on current market conditions, he noted, while Kilgore is getting a building that Keil said is “well-maintained....good condition” for his planned usage. The transaction should be good for Taberg and the Town of Annsville, he added.
Kilgore’s businesses that he has said would have offices at the site are Adirondack Building Restoration Inc.; IC Wood LLC; Solid Rock Stone Builders, Inc.; and Christian Heritage Autographs, Inc. Kilgore also has said that the museum planned in the building would be a small facility with historical artifacts and would be open to the public.