A real-estate agreement to list the former Fort Stanwix Elementary School for sale has been extended by the Board of Education to allow more time for completion of a proposed transaction involving a buyer.
The board last week approved an extension of the listing agreement with Pyramid Brokerage Co. Inc. through Nov. 30, 2021, with the same terms and conditions from the agreement that had been approved on Nov. 14 a year ago.
Just before the vote, board member Joseph Mellace sought to confirm the move was intended to continue the situation “until the buyers that...have approached us get their finances in order,” and board President Paul Hagerty said that was correct.
School district Assistant Superintendent for Operations and Management Robert Mezza Jr. said Wednesday the original listing agreement expired Nov. 15 last week.
“The deal has not closed yet so the district extended the agreement to continue working with Pyramid Brokerage Company in achieving its goals,” Mezza explained.
Regarding the progress of the proposed sale, he said it “has been somewhat slowed by COVID, but is moving forward. The buyer is making good progress.”
The school board last March approved a purchase contract for the sale of the former Fort Stanwix school site at 110-112 W. Linden St. for $525,000.
CDS LIfe Transitions of Webster has offered to buy the property, and a CDS official said in March it plans to convert the site into an apartment facility for seniors.
In June, school district voters approved a proposition calling for the sale of the former Fort Stanwix school building and grounds at a price of $525,000.
Mezza said in August the CDS organization had been working on funding applications for
the purchase, and noted the funding applications had been delayed.
CDS officials could not be reached for comment.
The Rochester-area not-for-profit agency’s plans for the former school have involved developing the property similar to its senior living affordable housing facilities in Rochester, Cicero, and Elmira, a CDS official said in March.
Included on the Fort Stanwix school property is an approximately 568,732-square-foot building on an approximately 3.1-acre parcel.
It closed as a regular elementary school in 2009, and after that it had some usage including by students from other Rome district schools temporarily closed for renovations, most recently in the 2017-18 school year.
It was originally constructed in 1920, with some subsequent additions.