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Board discusses appraisal and sale options for daycare property and business
Summary
The board discussed listing the daycare business/property for sale as a business, agreed appraisal should guide price, and explored options including a private sale or a community co‑op buyout; a working figure of roughly $300,000 was discussed for the store example used.
Board members discussed logistics for selling the daycare business and property and considered co‑op ownership as an alternative.
When the sale item was raised the board agreed the facility should be appraised and that the asking price should reflect that appraisal. Directors noted an income picture and mentioned $300,000 as a working figure discussed previously for the related grocery/store conversation; board members said they would prepare a figure ahead of the next meeting.
Members discussed whether the sale would be as a business or as a house; the consensus in the meeting was to sell as a business so inventory and operating assets could be transferred. Board members also suggested the co‑op route for community ownership and discussed how shares and voting rights would operate if the group pursued a cooperative model. The board asked staff to gather an appraisal and financials for presentation at the next meeting.
