An August 24 Frederick News-Post article reports on a tentative land sale agreement reached between Frederick County and Frederick City that will benefit the public school system.
Frederick County leaders agreed to sell 1.5 acres of land to the City of Frederick for $430,000, and the school system will use the money to pay down debt on its central offices. …The property is one of five previously used by Frederick County Public Schools. The Board of Education hopes to sell the parcels to help pay down roughly $16 million in debt on the school’s central office building. School officials determined that with the 2010 opening of their administrative headquarters, they had no more use for the five parcels of land. However, Maryland law requires a lengthy review process before school properties can be sold.
The Maryland Superintendent of Schools and Maryland Board of Public Works must confirm that the properties are surplus. At that point, the land passes out of the school’s hands and into county ownership.
The City plans to place a water tower and salt dome on the property. Final closing could occur within 2-3 months.