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Board authorizes purchase agreement for property at 618 Progress Drive
Summary
The board approved a purchase agreement with the Rockcastle County Industrial Development Authority for property at 618 Progress Drive, directing staff to proceed with deed work; the district aims to finalize the transaction by December 31, with extensions allowed by mutual agreement.
The Rockcastle County Board of Education authorized execution of a purchase agreement between the Rockcastle County Industrial Development Authority (RCIDA) and the Rockcastle County Board of Education for property located at 618 Progress Drive.
Speaker 3 introduced the agreement and Speaker 2 said the board previously approved moving forward; this vote authorizes signing the purchase agreement so staff can proceed. Speaker 2 told the board that, after the board’s approval, a staff member (Jeremy Ralph) can draw up the deed and that there are additional steps on the RCIDA side, with the parties aiming to have the transaction finalized by December 31. The agreement allows the parties to extend that date if necessary.
Speaker 1 moved to approve, Speaker 4 seconded, and the board approved the purchase agreement by a series of 'aye' responses from the members present. The transcript records multiple 'aye' confirmations but does not provide a roll‑call tally of individual board members or the purchase price.
