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Sharon-Mutual board approves lease with Stock Exchange Bank to buy land
Summary
The Sharon-Mutual Board of Education voted unanimously Jan. 15 to approve a resolution authorizing a lease agreement with Stock Exchange Bank of Woodward to purchase land, with a listed payoff of $29,227.28 and a January payment of $15,014.59.
The Sharon-Mutual Board of Education on Jan. 15 approved a resolution to enter a lease agreement with Stock Exchange Bank of Woodward to purchase land. The board recorded the payoff as $29,227.28 and noted that the January payment of $15,014.59 is due Jan. 17; next year will be the final payment. The motion, made by Eddie White and seconded by Board President Bill J. Clem, passed unanimously (5-0).
Board members did not elaborate on the parcel's location during the public portion of the meeting. The resolution vote was recorded as part of routine business; the motion passed with Jeremy Baggett, Bill J. Clem, Daniel Lee, Neal Stephenson and Eddie White voting "Yea."
