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-Press Release, Oxford Preparatory School
Oxford Preparatory School has made three different offers to Granville County Public Schools in the past three weeks to lease the closed Joe Toler-Oak Hill building in order to accommodate Oxford Prep’s upcoming K – 4 expansion.
The Granville County Commissioners held a meeting on January 6, 2020, during which an appeal hearing was conducted on Oxford Prep’s request to lease the closed Joe Toler-Oak Hill building. The Granville County Commissioners determined that pursuant to NC General Statute § 115C-218.35 the building was “available” and directed the GCPS School Board to enter negotiations with Oxford Prep.
In the past two weeks, on two occasions representatives from Oxford Prep met with representatives from GCPS. After each meeting and upon reflecting on GCPS’s concerns, Oxford Prep modified the offer in an attempt to better address perceived impediments that had been discussed.
The Oxford Prep team, accompanied by GCPS representatives, completed an on-site inspection of JTOH. They were pleased to see the condition of the JTOH building. It was obvious that the maintenance staff from GCPS has taken a great deal of pride in and care of the building. In addition, an inspection by an outside firm was completed of the building for suitability, economic viability, and safety. Both inspections were done w/ GCPS personnel present. At no time were any safety concerns raised.
Oxford Prep is well aware of the deferred maintenance that has been suggested by GCPS. As a result of both inspections, Oxford Prep has a clear understanding of what facility improvements are needed and continues to believe the property is well-suited for the safe, short-term occupancy requested.
After the last negotiation meeting, Oxford Prep reworked its lease offer so that the lease agreement might be an economically and practically feasible one. The lease offer includes the following terms:
– $100,000 in total lease payments (including a $10,000 security deposit) to occupy the building from June 1, 2020 – May 31, 2021 (equal to 22% of the appraised market value of the building)
– Take on 100% of GCPS’s upkeep costs once a lease agreement is executed until Oxford Prep vacates the building on May 31, 2021 (GCPS currently spends over $100,000 a year)
– Complete building repairs to include (drainage evaluation and remediation, septic and well repairs, boiler system repair, and repair sections of the roof as needed)
– Complete quarterly air quality testing and complete remediation as needed
The Oxford Prep leadership team and Board of Directors are optimistic that the Granville County Public School System will enter into the generous proposed lease terms, that serves the interests of GCPS, Oxford Preparatory School, and the citizens of Granville County.
For additional comment, please contact Andrew Swanner, executive director of Oxford Preparatory School at email@example.com or (919) 690-0360.