September 27, 2016
Agenda Item Title
Recommend Approval for Resolution Approving Revised Offer for Property Previously Declared Surplus Adjacent to Ballantyne Elementary School
Carol Stamper, Chief Operating Officer
Peggy Hey, Executive Director of Facility Planning and Management
- CMBE owns property in vicinity of Ballantyne Elementary School as described on the attached resolution.
- Property was previously declared surplus and approved to sell property in accordance with procedures outlined in G.S. 160A-269 (negotiated offer, advertisement, upset bid).
- Proposed buyer has requested a price reduction to cover the costs of unforeseen development expenses from $6,000,000 as previously approved to $5,800,000.
Proceeds to be received by Board of Education if sale is finalized.
Agenda Item Type
Recommend approval for Resolution approving revised offer for property previously declared surplus adjacent to Ballantyne Elementary School.