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Board authorizes sale of roughly 80 acres along FM 2978 in Magnolia
Summary
Trustees adopted a resolution authorizing the superintendent to negotiate and execute a sale-and-purchase agreement for approximately 80 acres on the west side of FM 2978 at Shadow Lane, directing administration to finalize transaction documents and complete the sale process.
Magnolia ISD trustees adopted a resolution authorizing the sale of approximately 80 acres more or less along the west side of FM 2978 at Shadow Lane in Magnolia, Texas. The administration presented the recommendation following an executive session discussion about real property. The resolution authorizes the superintendent or his designee to negotiate and execute a sale-and-purchase agreement and ancillary documents related to the transaction. Trustees approved the motion (Stacia moved; Jordan seconded) and it passed during open session. The meeting record includes that the sale authorization follows closed-session consideration permitted under Texas Government Code Sec. 551.072 (purchase, sale, exchange or value of real property). The administration offered to answer questions; no further public details about sale price, buyer identity, or closing timetable were presented in open session. Board members also completed the meeting by adjourning after authorizing the land sale.
