Farmington Public Schools officials on Tuesday agreed to sell the long-vacant Maxfield Training Center site to the City of Farmington, with a purchase price of $750,000.
That’s more than a quarter-million less than private developer AC Acquisitions offered in 2016. The company recently terminated its purchase agreement after putting forward several multi-family housing proposals for the site on Thomas Street in downtown Farmington.
According to the purchase agreement posted with meeting agenda materials, the city intends to market the land for private development. In the event a buyer is found within four years, the city will pay the district an additional 50 percent of any sale proceeds in excess of the purchase price plus costs of building demolition and any city improvements.
Among the sale conditions, the city has agreed to split the cost of an additional school liaison officer, who would work at four Farmington locations: Farmington High School, Visions Unlimited, Longacre Elementary and the school administration center.
The city also agreed that the property would not be sold to or used by any organization that provides classes that would compete with Farmington Public Schools offerings, unless the district approves.
Editor’s note: Information about the school liaison officer was added after this post was first published.