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Madison school board deadlocks on property conveyance terms after heated debate over restrictions and commercial flexibility
Summary
The Madison County School Board debated whether to remove deed restrictions on closed school properties sought by a private buyer; differing priorities over job guarantees, revenue sharing and the buyer’s need for financing led the motion to proceed to fail and the discussion to be continued to the next meeting.
The Madison County School Board spent more than an hour debating terms for conveying closed school properties to a private buyer, ultimately failing a motion to approve the conveyance without the board’s proposed restrictions.
Public commenter David Russ, who identified himself as chief financial officer for Aware and a business associate of the prospective buyer, told the board the buyer needs commercial flexibility to finance and operate the property. “We have no designs to take a loan on the property,” Russ said, “but if we have a partner that comes in and says we want to put…
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