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A proposition to reduce the minimum selling price for former
Philip Livingston Magnet Academy
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Proposition #3
Shall the Board of Education of the City School
District of Albany be authorized to sell the real property
commonly known as Philip Livingston Magnet
Academy, located at 315 Northern Boulevard, Albany,
N.Y., for a selling price not less than $3,250,000.
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When voters visit the polls Tuesday, May 17 to decide on the City School
District of Albany's $206.5 million budget proposal for 2011-12, a
separate resolution on the ballot (Proposition #3, see box at right)
will ask them to authorize the district to sell the former Philip
Livingston Magnet Academy for at least $3.25 million.
In May 2010, voters overwhelmingly approved a proposition authorizing
the district to sell the property for at least $4.5 million. However,
due to market conditions it is necessary to lower the minimum selling
price.
There will be two more propositions on the May 17 ballot related to the
school district:
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Proposition #2 will ask the public to authorize the sale of the
district building at 270-272 Central Ave., home to the Buildings and
Grounds staff. The staff and all equipment are relocating to the
former Harriet Gibbons High School (now Central Registration) at 75
Watervliet Ave.
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Proposition #4 will ask voters to approve a
no-cost facilities project to improve Giffen Memorial Elementary School,
Abrookin Vocational-Technical Center and Albany High School. The
full cost of the $11.4 million project would be covered by state
building aid -- regular building aid and EXCEL building aid. All
work would be done at no cost to taxpayers.
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