Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate Delegation topic
No spam. Unsubscribe anytime.
Royse City ISD delegates authority to superintendent to negotiate 137.351-acre land sale in Rockwall County
Summary
Trustees delegated authority to the superintendent to negotiate, finalize and execute a purchase and sale agreement with LI Acquisitions, LLC for about 137.351 gross acres in Rockwall County; motion passed 6–0 (1 absent).
The Royse City ISD Board of Trustees voted to delegate authority to the superintendent or her designee to negotiate and execute a purchase and sale agreement with LI Acquisitions, LLC for approximately 137.351 gross acres located in Rockwall County, Texas.
Trustee Eric Fort moved for the delegation of authority; Jessica Ratterree seconded. The motion passed 6–0, with one trustee absent. The minutes record the acreage (137.351 gross acres) and the purchaser name (LI Acquisitions, LLC). The board did not record sale price or other commercial terms in the meeting minutes; those details will be negotiated under the delegated authority.
The approval gives the superintendent the authority to finalize deal terms and execute documents on behalf of the district, subject to any parameters the superintendent and district counsel set during negotiation.
