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School board approves purchase of 9.9-acre parcel near Kelly Smith; appraisal came in below price
Summary
The Putnam County School Board approved a contract to buy a 9.9-acre property on Round Lake Road adjacent to Kelly Smith school, adding acreage to district holdings and enabling options for future school construction and phased work. The board discussed appraisal and inspection contingencies and approved a due-diligence extension option.
The Putnam County School Board voted unanimously to approve a purchase contract for a 9.9-acre parcel on Round Lake Road adjacent to Kelly Smith school, a move district staff said will expand available land for future school construction and site planning.
Board member Thomas Buckles (motion) brought the item forward, asking the board to approve the contract as presented. Counsel explained the purchase addendum originally made the contract contingent on an appraisal that valued the land at or above the purchase price; the appraisal has now been completed and came in slightly below the contract price. Board counsel…
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