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Board agrees to 11‑day extension for warehouse buyer after survey delay
Summary
The Marion County School Board agreed by consensus to allow the buyer of its surplus warehouse an additional 11 days to complete a survey and close the sale, after repeated due‑diligence delays and a $100,000 nonrefundable deposit.
Marion County School Board members on Tuesday agreed by consensus to give a prospective buyer 11 more days to finish a survey and close on a county warehouse sale, after the buyer missed earlier deadlines and the board’s attorney warned against further open‑ended extensions.
The issue matters because the board has repeatedly extended the buyer’s due‑diligence period and reduced the offer price; if the buyer fails to close again the district will keep a $100,000 hard deposit and may relist the property.
Attorney Jeremy Powers summarized the sale’s timeline and legal options, telling the board the buyer — identified in prior proceedings as 1 Remington — “failed to order a survey” and “will not be able to close on the thirtieth.” Powers said the buyer…
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