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Therefore, district staff has proposed to the bank handling the foreclosure that it will work with the City of North Port to re-plat the property. If the bank is willing to enter into a contract with the School Board, contingent on the district's working through the regula- tory process with the city, Lempe continued, that would allow the School Board to move forward with selecting a design engineer. The tentative timeline for site acquisition calls for that contingency contract to be signed by July 1, with a binding contract to follow by Nov. 1 and closing on the property set for May 1, 2015. When Chairwoman Jane Goodwin asked whether the re-platting effort would mean more expense for the School Board, Lempe replied, "It will cost us some but not a lot," about $15,000 to $18,000. Vice Chairman Frank Kovach said he has had a number of dealings with banks, so he questioned whether it might be better for the district to buy the whole parcel and then sell what it does not need for the new SCTI. A slide presented to local government leaders in January showed target industries the North Port SCTI would serve through its programs. Image courtesy Sarasota County Schools Sarasota News Leader June 20, 2014 Page 48

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