1215 W. Lewis Street
7250 - Rental or Lease of District Property Policy
FINANCIAL MANAGEMENT
Rental or Lease of District Property
When district real property is not needed, the board has the authority to call for bids to rent or lease any surplus real property. Notice of the intent to rent or lease property shall be published in a newspaper of general circulation in the district at least 45 days before the rental or lease takes effect if the value of the rental or lease is $10,000.00 or more. The district may establish a minimum acceptable bid based upon the fair market value, provided that such minimum bid is non-discriminatory within classes of users.
Such property shall be rented or leased for lawful purposes. The rental or lease shall be in the best interests of the district and shall not interfere with the conduct of the district’s educational program and related activities. Proceeds from the rental or lease of district property which are in excess of the operational costs incurred for such rental or lease shall be deposited in the capital projects fund or debt service fund.
Legal References: RCW 28A.335.040 Surplus school property, rental, lease or use of – Authorized
RCW 28A.335.050 Surplus school property, rental, lease or
use of – Joint use
RCW 28A.335.060 Surplus school property, rental lease or
use of – Disposition of moneys
received for
RCW 28A.335.070 Surplus school property, rental, lease or
use of – Existing contracts not
impaired
RCW 28A.335.080 Surplus school property, rental, lease or
use of – Community use not
impaired
RCW 28A.335.090 Conveyance and acquisition of property –
Management
RCW 28A.335.130 Real property – Sale – Use of proceeds
Adoption Date: July 23, 1996