D211 Post: District 211 To Accept Bids for the Purchase of 60+ Acres of Undeveloped Land

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The Township High School District Board of Education voted to accept sealed bids for a 60-plus acre parcel of land the District owns within the Village of Schaumburg.  The minimum acceptable bid for the property is set at $17 million, and all bids must be received by February 20, 2018 at 2:00 p.m.

 

The land is zoned for residential use and is located north of Wise Road between Plum Grove Road and Summit Drive in Schaumburg.  The Board of Education conducted and has published a comprehensive civil engineering report, including results of an American Land Title Association (ALTA) survey.  The report determined the parcel to be 62.036 acres, of which approximately 40 acres are available for buildable use.

 

In accordance with Illinois Compiled Statute 105 ILCS 5/5-22, the Board of Education determined the property was no longer necessary.  At the December 14, 2017 Board of Education meeting, the Board voted to adopt a resolution to approve the sale of the property.

 

The land will be sold by sealed bid process.  Bids will begin to be accepted on January 8, 2018.  To obtain a copy of the bid document or receive additional information on the sale of the property, please contact the Township High School District 211 Business Office at 847-755-6612 or by email at

 

All bids must be received no later than 2:00 p.m. on February 20, 2018.  Bids should be sent to:

 

Barbara Peterson

RE: BID #1887: 60+ ACRE LAND

Township High School District 211

1750 S. Roselle Rd.

Palatine, IL 60067-7336

 

 

For more information, visit the District 211 website or click here.  The ALTA report and feasibility study reports are available on the District 211 website or by clicking here.