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No bids received for three Pine Tree ISD parcels; board to consult attorneys on re-bid options
Summary
After receiving no bids on three land parcels, staff told trustees the district could list with an agent, set a minimum bid, or defer; the superintendent will consult attorneys about re-bidding with a minimum value.
The Pine Tree ISD board discussed next steps for three parcels at Pine Tree Rd @ Loop 281, 309 W. Berkley, and 501 Pine Tree Rd after staff reported no bids were received.
Superintendent Steve Clugston said the district had an inquiry after the bid deadline but no complete bids. He noted that the appraisal district's website value may not reflect market value and that the absence of a minimum bid may have discouraged offers. Clugston said he would consult with the district's attorneys about re-bidding the properties with a minimum bid; the board did not take formal action at the meeting.
No dollar figures for the parcels were presented in the meeting record; staff outlined options to hire a real-estate agent to list the property, re-bid with a minimum value, or postpone action.
