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Board OKs second tract for new elementary, delegates closing authority to vice president
Summary
Trustees approved purchase of a 15.286-acre tract from C3 Real Estate Investments LLC for $500,000 and amended the resolution to delegate closing authority to the Board vice president before final approval; the motion passed unanimously.
Midway ISD trustees approved a resolution on June 16 to purchase 15.286 acres from C3 Real Estate Investments LLC for $500,000 and delegated closing authority to board leadership. Trustee Colin Witt moved to amend the resolution to delegate authority to the vice president; Trustee Jordan Barry seconded. The amended resolution was approved by motion and carried 6-0 (Trustee Stephen Carl absent).
The administration recommended the purchase as part of a two-tract strategy off Speegleville Road to reserve land for a future elementary school. The Board's actions included delegation language allowing the vice president and/or president to execute closing documents on the district's behalf.
Administration will proceed with contract finalization and report closing activity to the Board when completed.
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