title
Commissioner Worley - Public Works - To Finalize and Formally Accept an Offer of $3.1 Million to Purchase the Old Belmont Middle School Located at 110 North Central Avenue, Belmont and Request Acceptance by Gaston County Board of Education
body
STAFF CONTACT
Dan Ziehm, P.E. - Public Works Director - 704-862-6795
BUDGET IMPACT
budget
Additional $3.1 million for educational purposes
body
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
On September 20, 2021, Gaston County Board of Education (GCBOE) and Gaston County Board of Commissioners (GCBOC) agreed to work together cooperatively to sell the old Belmont Middle School property. The sale of this property is outlined in the September 2017 Cooperation Agreement (2017-302) between Gaston County and GCBOE. Per agreement and Resolution 2021-326, Gaston County Board of Commissioners authorized staff to market the old Belmont Middle School and enter in the upset bid process in accordance with the requirements specified in NCGS §160A-269.
After an initial bid of $2.5 million, we received 3 rounds of upset bids, the highest of which is $3.1 million, submitted by Kare Partners, LLC. Per agreement, GCBOC and GCBOE must accept final bid. Approval of this Board Action formally accepts the bid of $3.1 million and recommends sale of the property. GCBOC has recommended the net proceeds from the sale of the property be used to retire debt incurred as a result of construction of the new Belmont Middle School in accordance with the Cooperation Agreement.
This Board Action further authorizes the legal staff of Gaston County and GCBOE to draft necessary documents for sale of property and title transfer.
POLICY IMPACT
N/A
ATTACHMENTS
Final and Highest Bid, GCBOE Surplus Resolution, and Cooperation Agreement (2017-302)