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Montgomery County moves forward with due diligence and option to buy 305 Roanoke Street after receiving private appraisal
Summary
After public comment questioning the price, the board approved an amended option agreement, an appropriation and the final option to purchase a Roanoke Street property; board members said a private appraisal placed the county’s offer within an acceptable market range.
The Montgomery County Board of Supervisors approved an amendment to an option agreement and related appropriations on Feb. 24 to proceed with a purchase process for the property at 305 Roanoke Street.
County staff said they solicited a private‑party appraisal during due diligence and that the county’s proposed purchase price falls within the appraisal range. The board voted on related items in sequence: first an amendment to the option agreement extending the option and adjusting the purchase…
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