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Board accepts Troy Tate—id to lease Section 16 for $5,400
Summary
At its June 11 meeting the Pearl River County School District Board voted to accept a bid from Troy Tate to lease Section 16 (approximately 626.68 acres) for a total of $5,400 (about $8.61 per acre), noting the board—xercised discretion to accept an offer below a state-recommended minimum.
The Pearl River County School District Board of Education voted June 11 to accept a bid from Troy Tate to lease Section 16, a parcel the board described in the meeting as about 626.68 acres, for a total of $5,400, which the board calculated as roughly $8.61 per acre.
The board took up the leasing item after PRC SD introduced the bid results and described competing offers and the state guidance on minimum bids. PRC SD moved to accept Tate s the successful bidder; the motion was seconded and approved by roll call with Districts 1, 2, 3 and 5 voting yes and District 4 recorded as absent.
The board discussed the fact that the state posts a recommended minimum per-acre amount (discussed in the meeting as $13.51 per acre) and that Tate—urrent payment was below that level. Mark Herring said the board has discretion on whether to accept a lower bid, noting past instances in which the board accepted minimal bids when market interest was limited: "I think you do have the authority," Herring said, adding that prior practice and the number of bids received factor into the board ecision.
PRC SD noted the bidder has held the lease in the past and described maintenance and erosion concerns the bidder cited when explaining why he sought to remain on the property. After brief discussion about whether to table the matter to a later date, the board moved and approved acceptance of Tate's bid.
By the conclusion of the roll-call vote the board announced the motion passed; PRC SD read the outcome and congratulated Mr. Troy Tate on the award. The lease term and any additional contract details (start date, specific payment schedule, and any conditions) were not specified in the public remarks recorded in the transcript.
Next steps: the board did not announce further public hearings on this item during the recorded meeting; any execution of a lease agreement or administrative follow-up will be handled by district staff per normal contracting procedures.
