In a recent government meeting, board members engaged in extensive discussions regarding the potential sale of a property originally intended for a school in the Lakeshore Village community. The property has been owned by the board since 2009, and members expressed concerns about the financial implications of holding onto it without fulfilling the initial promise to the community.
Board member Miss Martin highlighted that the property has cost the board money over the years and suggested that selling it back to the community might be a fair resolution, given that the original intention to build a school would not be realized. She proposed a motion to authorize the administration to negotiate the sale, including the possibility of covering some closing costs and commissions.
As discussions progressed, board members debated the appropriate sale price, with suggestions ranging from the initial offer of $1.6 million to a counteroffer of $1.7 million, which would include all associated fees. The board emphasized the importance of not only recovering costs but also maintaining goodwill with the community, especially in light of upcoming bond issues that would affect local taxpayers.
Broker Desmond, present at the meeting, indicated that he had the authority to discuss the price and could expedite negotiations. The board ultimately moved towards a substitute motion to counter with a firm offer of $1.7 million, aiming for a straightforward resolution to the negotiations.
The meeting underscored the complexities of public negotiations, particularly when balancing financial decisions with community expectations. The board plans to reconvene next week to finalize the offer, reflecting a commitment to transparency and community engagement in the decision-making process.