Sale of Del Norte Heights Elementary School

The contract involves the sale of the Del Norte Heights Elementary School property located at 1800 Winslow Road, El Paso, Texas, managed by the Ysleta Independent School District (Ysleta ISD). This real estate transaction is facilitated through a solicitation (number 224006CSP) issued on April 23, 2025, with a response deadline of December 31, 2025. Interested buyers are required to submit a Letter of Intent accompanied by a $10,000 earnest money deposit, with all offers submitted in hard copy by November 30, 2023. The solicitation strictly prohibits electronic submissions. A scheduled site visit took place on November 7, 2023, and questions regarding the property had to be submitted by November 13, 2023. The sale remains open until an acceptable offer is received and a formal sale and purchase agreement is executed and approved by the Ysleta ISD Board of Trustees. Offers and dealings are conducted on an "as-is, where-is" basis without warranties, emphasizing that the buyer assumes all risks regarding property condition and suitability. The Sale and Purchase Agreement delineates key terms such as earnest money handling, purchase price, title insurance, and closing procedures. It specifies the seller's retention of mineral rights and outlines the buyer's rights and obligations to conduct inspections, feasibility studies, and surveys during a 60-day inspection period with an optional extension. Title and survey objections follow defined processes to ensure clear title transfer. The closing is to occur at Lone Star Title Company in El Paso, Texas, where a Special Warranty Deed is executed to formalize property conveyance. The agreement includes compliance requirements with Texas Society of Professional Surveyors standards, IRS reporting obligations for cash payments, and foreign person withholding processes if applicable. Contact for all administrative and procedural questions is Monica Vasquez, Senior Buyer at Ysleta ISD. The transaction excludes federal acquisition clauses and does not involve formal federal contract terms or socioeconomic certification requirements. Overall, this contract represents a structured yet straightforward real estate sale governed by agreed procedural instructions and legal terms, allowing buyers to perform due diligence while operating within a clear submission and approval framework established by Ysleta ISD.