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Madison County board delays property conveyances after Greenville raises insurance and contract concerns

Madison County School Board · December 16, 2025
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Summary

The Madison County School Board agreed to reschedule conveyances of district properties to allow staff and the town of Greenville to negotiate contract language and resolve insurance and title issues; Lee and Pineda transactions were moved to January and Greenville to February.

MADISON — The Madison County School Board voted to delay final votes on multiple property conveyances after potential buyers and a town representative raised last‑minute concerns about contract terms and insurance requirements.

The board, acting by consensus, moved the Greenville conveyance to the board’s February meeting and set Lee and Pineda transactions for the Jan. 12 meeting to allow time for staff and counsel to revise language and for buyers to complete title and insurance arrangements. Madam Chair said staff had received an email from Greenville outlining requested changes to the draft contract and recommended more time to negotiate.

Miss Logan, the district’s contract attorney, told the board the most substantive buyer proposals received that day included removal or modification of a 30‑year resale restriction, a proposed payment of 25% of net gain if the property is sold within three years, and objections to long‑term lease and insurance deed restrictions. "In the event that they sold within 3 years, they would pay the board 25% of the net gain from the property," Miss Logan said, describing the buyer’s counterproposal.

Greenville’s representative told the board the town’s insurer had questions about wording such as the contract’s ‘as‑is’ clause and asked for time to confirm coverage and intended uses. The town also asked that deed restrictions not preclude uses it wants to pursue.

District staff and counsel recommended staff draft revised contract language and exchange edits with the town’s attorney so the board would have a clean, agreed‑upon instrument when it reconvenes. "That would give them time to get specifics and work out their insurance," staff said.

The board’s action was procedural — rescheduling the items rather than approving conveyances — and intended to avoid conveying property before insurance and title questions are resolved.

What’s next: Staff will negotiate contract language with the town’s counsel and return revised drafts for board consideration at the rescheduled meetings.