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Rutherford County committee approves $12.99 million to buy 5405 Lee Road for future schools
Summary
The Rutherford County Health & Education committee voted to fund the purchase of a 161‑acre parcel at 5405 Lee Road, authorizing approximately $12,985,600 to acquire the property and cover closing costs.
The Rutherford County Health & Education committee voted to fund the purchase of a 161‑acre parcel at 5405 Lee Road, authorizing approximately $12,985,600 to acquire the property and cover closing costs.
School board representative Dr. Michael Sullivan told the committee the acquisition has been under review for more than a year and that the district considered two funding routes: internal funding from school fund balance and related accounts, or issuing a bond‑anticipation/capital outlay note. Sullivan and county finance staff recommended using a mix of the general purpose school unassigned fund balance, Fund 189 (building projects), and remaining land‑sale/Church Street balances to avoid immediate borrowing.
Sullivan read the county’s…
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