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Kernersville approves $200,000 purchase of parcel at Ivy Redmond sports complex, adopts budget amendment
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Summary
The Town of Kernersville Board of Aldermen unanimously approved buying a one‑acre parcel at 1004 Beeson Road for $200,000, adopted a $210,000 budget amendment to cover closing costs and adopted a resolution declaring intent to reimburse the general fund if the town later finances the purchase.
The Town of Kernersville Board of Aldermen on March 25 voted unanimously to buy a one‑acre parcel at 1004 Beeson Road for $200,000 and approved a related budget amendment and a resolution declaring the town’s intent to reimburse itself if it later finances the purchase.
The action covers three related agenda items. Town staff said the parcel is contiguous to the Ivy Redmond Sports Complex and will be held as parkland for now. "We did work it out with this property owner to purchase this parcel for the price of $200,000," Curtis, the town manager, said during the meeting. The board approved the purchase in open session after prior closed‑session negotiations.
The board also adopted Ordinance No. 9, a budget amendment of $210,000 to fund the purchase and related fees. Alderman Sarah Savannas asked why the amendment exceeded the $200,000 purchase price; Curtis responded that the additional funds cover closing costs, prorated taxes, deed stamps and attorney fees and that any unspent money would remain in fund balance. "We are not right now. We're paying for it outright, using the general fund fund balance," Curtis said when asked whether the town would finance the purchase.
Councilors additionally adopted a resolution declaring the town's intent to reimburse itself within the statutory window should it later use bond or loan proceeds to cover the acquisition. Staff said the intent resolution must be adopted within 60 days of the expenditure and that the town would have up to three years to exercise reimbursement authority.
Board members emphasized the parcel's adjacency to town‑owned property at Ivy Redmond and the long‑term benefits to the park system. The vote to approve the purchase, the budget amendment and the reimbursement resolution was unanimous.
Next steps: staff said a closing is expected in April and that title work has been completed; the town indicated it did not survey the parcel because it is contiguous to existing town‑owned property but will obtain title insurance and perform customary due diligence.
