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Board moves to counteroffer $160,000 on Arvada School after initial acceptance fails
Summary
After an initial motion to accept a buyer’s offer failed, trustees voted to amend and issue a $160,000 counteroffer for the Arvada School property and removed a requested additional-provisions clause.
The Sheridan County School District #3 Board of Trustees considered an offer for the Arvada School property during its May 20 meeting and after debate rejected an initial motion to accept the buyer’s offer. The board then voted to amend that motion and issue a counteroffer at $160,000.
The original motion to accept Carlin and Abby Knutson’s offer did not receive sufficient affirmative support and was defeated. Trustees discussed commission amounts (recorded in the meeting as a 5 percent commission), the effect of commission on net proceeds, and whether the district should accept the property “as is” or agree to items requested by the buyer, such as specific repairs or inspections.
After additional discussion, the maker of the original motion moved to reconsider and amend to present a counteroffer of $160,000 and to remove the buyer’s requested "additional provisions" item I from the offer language. The amended motion passed; the board instructed staff to transmit the counteroffer and await the buyer’s response. Trustees said inspection items and requests for repairs could be negotiated after the buyer responds to the counteroffer.
Why it matters: The sale or disposition of district property is a significant one-time transaction that affects district assets and local taxpayers. The board’s action begins a negotiated sale process rather than a straight acceptance of the buyer’s initial terms.
What’s next: The business office is to transmit the counteroffer and report back with the buyer’s response at the next meeting or when the buyer replies.
