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Belvidere CUSD 100 authorizes sale of 633 West Perry Street; board directs minimum bid be recorded
Summary
The district authorized the sale of property at 633 West Perry Street and instructed staff to include a minimum bid in the final minutes; transcript captured a floor statement of $303,100,000 that the board said would be placed in the minutes and therefore will be reviewed for correctness in the official record.
Belvidere CUSD 100’s board voted on June 15 to authorize the sale of district-owned property at 633 West Perry Street and directed staff to include a minimum bid price in the sale documentation and final minutes.
During discussion a board member said the board had decided to put a minimum bid price of "$303,100,000 dollars" on the property; the chair instructed that the minimum-bid language be included in the minutes and the final documentation. Because the amount spoken on the floor appears inconsistent with typical local property values, the board specifically directed that the minimum price be included in the minutes and in the final resolution language so the board record will show the correct minimum price.
Board action: Member Hemke moved and Member Mueller seconded the motion to approve a resolution authorizing the sale; the motion passed on roll call.
Why it matters: authorizing a sale starts a process to market and transfer district real property; setting a minimum bid establishes the floor for offers and can affect the district’s net proceeds and legal compliance for disposition of property.
Clarification note: the board directed staff to add the minimum-pricing language to the minutes so the official record will reflect the definitive minimum bid. The published transcript includes the large figure as spoken on the floor; the minutes and final sale documents should be checked for the accurate numeric amount.
