(2) Fair market value, if no offer has been received within
90 days of placing the building on the market.
(3) Below fair market value, upon the mutual agreement of
the school entity and purchaser.
(b) The board of school directors of any district may sell
unused and unnecessary lands and buildings by any of the
following methods and subject to the following provisions:
* * *
(2) Upon sealed bids requested by the school board, notice
of the request for sealed bids to be given as provided in clause
(1) of this [section] subsection. Terms and conditions of sale
shall be fixed by the board in the motion or resolution
authorizing the request for sealed bids.
(3) At private sale, subject to the approval of the court of
common pleas of the county in which the school district is
located. Approval of the court shall be on petition of the board
of school directors, which petition shall be executed by the
proper officers of the board, and shall contain a full and
complete description of the land proposed to be sold, a brief
description and character of the building or buildings erected
thereon, if any, the name of the prospective purchaser, the
amount offered for the property, and shall have attached thereto
an affidavit of at least two persons who are familiar with the
values of real estate in the locality in which the land and
buildings proposed to be sold are located, to the effect that
they have examined the property, that the price offered therefor
is a fair and reasonable one and in their opinion a better price
than could be obtained at public sale, and that they are not
interested, either directly or indirectly, in the purchase or
sale thereof. Before the court may act upon any such petition it
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