AGREEMENT SAVES TWO
ELEMENTARY SCHOOLS FROM CLOSING
Mayor Leng & BOE Leadership Reach Agreement
with ACES for Sale of Wintergreen School
HAMDEN – Mayor Curt Balzano Leng, Board of Education Chairman Arturo Perez-Cabello, Secretary Melinda Lavelle-Saller, and Superintendent of Schools Jody Goeler, are very pleased to inform the Hamden community that an agreement for the purchase of Wintergreen School has been reached with Area Cooperative Educational Services, commonly known as ACES, bringing a total of $16,000,000 into Town.
ACES approached the Town with an intent to purchase after negotiations with the Mayor, Board of Education, and Superintendent. ACES Executive Director, Thomas Danehy, proposed an Offer to Purchase in the amount of $16,000,000. In the terms, Hamden will provide a seller’s mortgage for the total purchase amount, amortized over 5 years at a 0.5% interest rate payable over sixty equal monthly payments of $47,870 and a balloon payment of $13,497,147 paid by ACES.
Commenting, Mayor Leng said, “This sale allows us to save Church Street and Shepherd Glen School, supporting neighborhood schools that are doing great work with our students. It’s an amazing opportunity in many, many ways.”
Chairman Arturo Perez-Cabello also commented, "The BOE has been very concerned with the prospect of closing two neighborhood schools. It is a very positive development to have reached a deal with ACES to buy the Wintergreen building. This will allow HPS to keep Church Street and Shepherd Glen schools, and improve municipal fiscal conditions to continue completing building repairs and renovations."
Upon closing, the Town intends to utilize the $16m proceeds by allocating $10million towards a Hamden School Renovation fund, allowing for much needed major renovations at Shepherd Glen, millions in investments into other Hamden schools and bypassing the need to borrow for these projects thereby potentially saving millions of dollars in interest. The remaining $6million of the proceeds will be allocated to the Town for use investing in the Keefe Community Center and Firehouse 2 on Circular Ave., with the aim of completing renovations which have been much needed for years and again bypassing the need to borrow.
Leng commented further, “Shepard Glen School is home to students speaking more than 25 languages - it’s a very special place in a neighborhood with 8,000 residents nearby. Every other school in Hamden is just as special, and we need to take every chance we get to support and improve these community assets. We’ve listened to our families, listened to our neighborhoods, and we’ve taken action."
The sale agreement will require approval from various municipal entities including a formal vote by the Board of Education and the Legislative Council. Further details will be provided on www.hamden.com as the proposed sale agreement reaches closure.
For further questions or comment, please contact the Office of the Mayor at 203-287-7100.