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Commissioner Keigher - County Manager - To Approve Gaston County Schools Property Purchase and to Provide $1.5 Million for a Site Located at 3372 Robinwood Road, Gastonia, NC
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STAFF CONTACT
Matt Rhoten - County Manager
BUDGET IMPACTbudget
N/A
BACKGROUND
Gaston County Board of Education (BOE) wishes to purchase property located at 3372 Robinwood Rd., Gastonia, NC. The property is currently owned by Life After Forty, LLC (Seller). The Seller has offered to sell the property to the BOE for $1.5 Million. This price appears to be reasonable based on recent appraisals and due diligence of the property. North Carolina General Statute 115C-426(f) requires that the Board of County Commissioners approve the purchase of a site and the funds to be expended for the purchase. The BOE requests that the County Commissioners authorize the $1.5 million purchase of the subject property with the funding coming from the interest accrued on the 2023 Bond Anticipation Notes. The funds used to make this purchase were appropriated previously in Resolution #2025-120.
POLICY IMPACT
ATTACHMENTS
Signed Purchase of Sale Agreement; Appraisal of 3372 Robinwood Road Property