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Board raises questions about $5 million escrow and contract terms in response to Morrish proposal
Summary
Board members questioned timing, fees and insurance tied to a $5,000,000 escrow in the Morrish proposal and asked 'Phil from Thrun' to review the contract before any offer is made to FGEA; staff will return findings at the Oct. 22 meeting.
Board members at a Swartz Creek Community Schools special meeting on Oct. 8, 2025, flagged multiple concerns about a Morrish proposal that includes a $5,000,000 escrow agreement. The record shows board members asked when the district would receive the escrow, whether Cisclo Title would retain interest or charge fees for holding the escrow, and whether the district could require the deposit to be non-refundable.
Members also asked about the cost to insure a rented building and discussed delaying any offer to FGEA until the district consults its architect. The board requested that Phil from Thrun review the draft contract and report back at the next meeting on Oct. 22, 2025. The transcript does not attribute specific questions to individual board members; the concerns are recorded collectively.
