Board approves formula for disbursing proceeds from sale of Old Miles School property
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Summary
Board member David Graves moved and the school board approved a motion to divide proceeds from future sales of East Side properties into three shares and West Side properties into four shares; the motion passed unanimously.
The Ouachita Parish School Board voted to adopt a disbursement formula for proceeds from the sale of district property, including the Old Miles School parcel in "Stirliton" as named in the record.
Board member David Graves proposed that proceeds from future property sales on the East Side be divided into three shares and proceeds from West Side sales be divided into four shares. Graves moved the proposal and it received a second; the board approved the motion by voice vote with no opposition.
The motion is a policy direction for how the board will allocate funds from property dispositions; the board did not provide a line-item breakdown or specify recipient accounts during the motion. No amendments or conditions were recorded on the floor. The presiding officer recorded the motion as carried.
The board did not attach a timeline for sale or next steps for how proceeds will be used; staff follow-up or budgetary treatment will be determined in future meetings.