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Board hears that buyer would order Yellow Book appraisal; board would review before committing

Grayson County Development/Board meeting · July 23, 2026
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Summary

Board members discussed who pays for a Yellow Book appraisal for the Baywood School property; presenters said the prospective buyer would order and pay for the appraisal and the board would consider the appraisal result before committing.

A board member asked who would pay for a Yellow Book appraisal and the presenter responded that the prospective buyer would order and pay for the appraisal. The board member said ordering an appraisal would not commit the board to a sale and that the board would review the completed appraisal and decide afterward.

The presenter and board members discussed that if the group moved forward to acquire the property they would hold it only for a limited period before seeking a buyer or transferring operations to local organizations; the presenter emphasized the group’s intent to clean up and stabilize the property prior to any resale or long‑term occupancy. The board agreed to seek additional information and to continue the conversation at a follow‑up meeting.