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School board approves sale and conveyances of three surplus school properties
Summary
The board approved conveyance/resolution for Pinetta (Pineta) School sale to a private bidder, conveyed the Lee library parcel to the county, and authorized a quick-claim deed for Greenville contingent on the town's insurance certificate; all three measures passed unanimously.
The Madison County School Board on July 6 approved resolutions and deeds to divest three surplus properties, a process the board said would put proceeds toward capital outlay.
Attorney Reeves walked the board through documents for each parcel. For the Pinetta (Pineta) Elementary School property, Reeves said the district sold the school on GovDeals to the successful bidder for $250,000; the buyer indicated an intent to take title through a Georgia-registered entity. The resolution approved by the board authorizes execution of the quitclaim deed after documentary stamp tax and closing items are addressed and holds proceeds for capital-outlay purposes as required.
The board also approved conveying the Lee library parcel to the county. Reeves explained the property had been leased to the county when a grant-funded library was built adjacent to the school and that conveyance to the county was appropriate given prior agreements and that this transfer does not trigger documentary-stamp tax because it is between public entities.
Finally, the board approved a quick-claim deed to the town of Greenville tied to an earlier contract, delegating authority to the district attorney to close once the town presents the required certificate of insurance; Reeves noted the town had an insurance quote with an estimated premium over $70,000 per year and attorney coordination was underway. Each of these measures passed by voice vote with no opposing votes recorded.
District staff said the $250,000 from the Pinetta sale will be held and must be used for capital-outlay consistent with State Board of Education rules.
