Policy 7409 - Acquisition of Real and Personal Property

Acquisition of Real and Personal Property

Procurement of Public Works, Goods, or Services

Except for the purchase of curricular materials as defined in Idaho Code § 33-117A, all contracts for the construction, repair, or improvement of any real property, or the acquisition, purchase, or repair of any equipment, or other personal property necessary for the operation of RISE Charter School shall be entered into in accordance with the provisions of Procedure 7405P.

Purchase of Real Property

When purchasing real property for RISE Charter School use, the Board may designate and purchase any real property which it finds is necessary for school purposes or for the operation of RISE Charter School. After making such determination and to accomplish the purchase of the designated real property, the Board will:

  1. Not more than one year prior to any purchase of real property, have such property appraised by an appraiser certified in the state of Idaho. This appraisal shall be entered into the records of the Board and shall be used to establish the value of the real property
  2. Determine the size of the site necessary for RISE Charter School purposes. The location of the site shall be consistent with the Charter, Articles and Bylaws. 
  3. In purchasing such real property, the Board shall comply with the prohibition against indebtedness set forth at Section 3, Article VIII of the Idaho Constitution:      
  • By purchasing such real property with cash; or
  • By obtaining 2/3 voter approval to incur indebtedness in accordance with Section 3, Article VIII of the Idaho Constitution; or
  • Through issuance of voter approved bond financing as set forth at Idaho Code § 33-1103.

 

Cross References:       § 7405P                             Procuring Public Works, Services, and Personal                                                 Property

Legal References:       I.C. § 33-5204                   Nonprofit Corporation – Liability - Insurance

                                    I.C. § 33-601                     Real and Personal Property—Acquisition, Use,                                                  or Disposal of Same

                                    I.C. § 33-1103                   Definitions—Bonds—Limitation on Amount—                                                  Elections to Authorize Issuance

 

Policy History:

Adopted on: 12/13/2021

Revised on:

Reviewed on: