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Moline-Coal Valley board authorizes sale of district property at 16191 11th Avenue for $17,000
Summary
The Board approved the sale of the Allenale property at 16191 11th Avenue in Moline to a buyer named in the transcript for $17,000 and authorized the superintendent and chief financial officer to sign closing documents in consultation with legal counsel.
The Moline-Coal Valley CUSD 40 Board of Education approved the sale of a district-owned parcel identified in the transcript as the "Allenale" property at 16191 11th Avenue in Moline, Illinois, to Mike Fosfinder for $17,000.
The motion authorized the superintendent and the district’s chief financial officer, in consultation with legal counsel, to execute all documents necessary to complete the transaction. The motion was moved, seconded and passed by roll call; every named board member in the roll call recorded an affirmative vote.
The transcript records the sale price and the authorization to execute documents but does not include a purchase agreement, closing date or additional sale terms. The board did not record additional public discussion of the property in the provided transcript.
