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Board discusses Central Towers lease buyout; transcript shows no clear final vote

August 15, 2025 | Griffith Public Schools, School Boards, Indiana


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Board discusses Central Towers lease buyout; transcript shows no clear final vote
Board members discussed agenda item 4.12, a proposed buyout of the district's Central Towers lease, including the tradeoffs between a one-time lump-sum payment and continuing to receive monthly rent. A participant noted the lease still has "95 years left," and board members debated expected return-on-investment and negotiating strategy. One member recommended seeking a higher upfront offer (a suggested counter of roughly $45,500 was mentioned), while others argued the district could press for a better number and that the worst outcome of counteroffers would be refusal. At one point a speaker suggested tabling the item and returning to negotiations: "So maybe what we should do at this time is table it. Let me go back and let me talk to the, representatives from Central states and see if we can get a more desirable number from the board." The transcript records multiple comments for and against taking a lump-sum payment; several members voiced that they preferred negotiating further. The meeting record includes a motion and a second on the item, but the transcript does not include a clear roll-call or "motion carries" announcement for the buyout vote. As a result, the transcript does not show a definitive board decision on accepting or rejecting the buyout offer during this meeting.

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Scribe from Workplace AI
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