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Public Auction for Leroy Elementary Postponed


The District has postponed its public auction for the Leroy Elementary School on Friday, April 3 due to the current public health emergency.

UPDATED MARCH 24

As a result of the current public health emergency resulting from the pandemic spread of the COVID-19 virus, the national and state declarations of public health emergencies by the President of the United States and the Governor of the State of Ohio, and guidance issued by the federal centers for Disease Control and Prevention and state and local health officials, the Riverside Local School District has cancelled the public auction for the Leroy Elementary Property originally scheduled for Friday, April 3 at 10 a.m. at the Inscho Conference Room at Riverside High School. 

The Riverside Local School District reserves the right to reschedule the public auction for the Leroy Elementary Property at a date and time following the expiration of the national and state declaration of public health emergencies. Notice of the rescheduled public auction will be provided as required by applicable law.

Should you have any questions, please do not hesitate to contact Riverside Local School District Treasurer Gary Platko by telephone at (440) 358-8209 or by email at gary.platko@riversideschools.net. 

ORIGINAL NOTICE:

The Riverside Local School District will hold a public auction for the Leroy Elementary School, located at 13613 Painesville Warren Road, Leroy Township, Ohio, on Friday, April 3 at 10 a.m. inside the Inscho Conference Room at Riverside High School, 585 Riverside Drive, Painesville, Ohio 44077. The property to be auctioned is designated as Lake County permanent parcel number 07-A-005-D-00-004-0 inclusive of the building and all other improvements on the land.

The sale of the property will not be final until the Board votes on a resolution – which is anticipated to occur at the April 28, 2020 Board of Education Meeting. 

The Board reserves the right to reject any and all bids submitted at the public auction and waive any informalities.

Should the highest bid be accepted at the auction, the highest bidder shall deliver to the Board cash, a certified check or a cashier’s check payable to the Board for $10,000 as security for faithful performance of a purchase agreement. Final payment – which will be the difference of the deposit and the amount of the bid - will be paid at the time of transfer of title. 

The property will be sold in AS-IS condition and the Board makes no representation whatsoever regarding the property or its condition, its suitability for any particular purpose or the title to and physical condition of the property. The purchaser, if any, will receive a quit-claim deed and is responsible for all legal, title and other expenses related to the transfer of the property.  

All inquiries about the auction should be directed to Treasurer, Gary Platko at 440.358.8209. To see the entire Board Resolution and additional terms and conditions about the property and the auction, click here

When disposing of real property, the Ohio Revised Code (O.R.C.) requires school districts to follow the specific statutory procedures outlined in O.R.C. 3313.41, 3313.411, 3313.412 and 3313.413. Having satisfied its legal obligations, the Board will offer the property for sale at public auction. In the event the auction is unsuccessful, the Board may proceed with a private sale. 

Posted Wednesday, February 26, 2020