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PIE's Sand Ridge Charter School
Treasurer and Board Member
Mary Northern, PIE business director, said the charter school needed a new principal after Candi Cascio left this year.
"Our loan has been approved to purchase the Liberty Campus," said Mary Northern, PIE treasurer and board member.
Closing is Aug. 22. "They're moving Monday, Tuesday and Wednesday, and we should be right behind them," Northern said. PIE has a semi lined up to move, and with the excited parents, she expects there'll be a large workforce out for the move. PIE had been working on a deal to buy the Sweet Home Elks Lodge, Northern said, but "the bank wouldn't go for it." The bank was concerned with the amount of construction that would be needed, she said. The Liberty campus will make the move much easier since it is already set up and ready to use as a school, she said. "We got a school that's ready to go for $625,000," she said. PIE has taken out a $625,000 loan with a monthly payment of $5,300. She declined to further explain the details of the financing. Sweet Home Charter School will pay $75,000 per year in rent to PIE for the facility, she said. The rent will come out of the Charter School's operating funds. PIE will use the rent to make the payment, with the excess rent funds held for building maintenance, she said. The property, 28721 Liberty Road, is 6.78 acres with a real market value of $151,200 for the land and $732,000 for the building, which was built in 1945, a total of $883,200, according to Linn County Assessor's Office records. Asked about the potential for voters overturning taxes passed by the Legislature this year, Northern assured the District 55 board that Sweet Home Charter should be in good shape. The Charter School educates children for less than the district, and it always budgets conservatively, she said. It had few issues last year while school districts were making cuts, she said.
People Involved in Education, the private, nonprofit organization that runs the charter school, has purchased the private school's elementary building at 28721 Liberty Road for $625,000, said Mary Northern, PIE's business manager.
Northern, of PIE, said East Linn's old space will be perfect for the needs of the charter school, which opened in 2006 in a set of classrooms at the Sweet Home Church of Christ on Long Street. The school, which had served kindergarten through fifth grade, will be able to add sixth grade this fall, Northern said. PIE is estimating 127 students this fall. "It's got a gym, it's got a kitchen, it's very much larger. The classrooms are twice as big as what we have now," she said.
Mary Northern, business manager for PIE's Sand Ridge Charter School in Lebanon, told the commission that the building is "perfect" for what PIE wants to do.She said PIE has received a $350,000 grant that will pay for any needed improvements to the building and the lot, including a playground area.Northern pointed out that the church will benefit, as well as PIE, from any improvements made to the facility.
PIE Treasurer Mary Northern said there aren't really any issues PIE is concerned about regarding the contract.
"It's been a great working relationship here," Northern said.