11. Approval of Property Acquisition

Primary tabs

Submitted by jenny_hunter on Thu, 07/29/2021 - 12:26pm

Strategic Priority		Reason for Consideration
Graduates Prepared for Work, Higher Education and Citizenship		Action	X
Excellent Educators		Information
Healthy, Safe and Responsible Students		Discussion
Operations and Support	X

At its meeting on June 7, 2021, the board authorized the superintendent to negotiate the purchase of the former Paul’s Quick Service property in Rosman, NC. An offer to purchase has been accepted by the owner and is within the limits set by the board at its prior meeting. Terms are as follows:

Purchase price - $100,000
Non-refundable due diligence fee - $2,500. This allows an examination of the property by the Board for up to 90 days.
Closing to take place no more than 60 days after the end of the examination period.

A Phase 1 Environmental Site Assessment has been performed (see attached) and recommends a Phase 2 study be completed on the property because of the nature of the former business and the presence of fuel tanks. This study will begin once all approvals for the purchase have been secured.

A motion is in order to approve the purchase of the property with the agreed upon terms, and to authorize the superintendent to request an agenda item at the next Board of County Commissioners meeting for the purpose of approval by the Board of County Commissioners as to price.

Public Attachments: