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Board approves transfer of neighborhood school deed to Economic Development Authority
Summary
The board voted to transfer ownership of a neighborhood school property from the county to the county Economic Development Authority to allow future gifting or sale under EDA authority.
The board approved a motion to transfer the deed for a neighborhood school property from Grayson County to the county’s Economic Development Authority (EDA).
Staff said the current deed lists the county as owner and that transferring title to the EDA would permit the authority to gift or sell the property as part of economic development activities. A board member asked whether proceeds from a potential sale would return to the county; staff responded that sale proceeds would go into the EDA.
A motion to transfer ownership was made, seconded and carried by voice vote; no further conditions were recorded in the meeting minutes excerpt provided.
