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Board accepts single $310,000 bid for historic school site with preservation covenant
Summary
The board accepted a lone bid of $310,000 for a surplus school property with a covenant to preserve a rock building; bidder John Sherrill and a local contractor warned demolition and cleanup costs could be substantial.
The Taylor County School Board accepted a single bid of $310,000 from Cheryl Coastal Holdings LLC to purchase a surplus school property subject to a preservation covenant for the site’s rock building. Staff opened the bid and confirmed the 10% deposit was included. Board members discussed two appraisals — reported in the meeting as roughly $326,000 and $425,000 — and noted the preservation restriction affects development options.
The bidder, who identified himself to the board as John Sherrill (speaker 15), described local investments his company has made and said he wants to renovate the historic building and attract tenants: "I fell in love with the building when I looked at it," he said. A resident contractor (speaker 16) warned the board that tearing down the wings and hauling debris would cost around $250,000, a factor the board discussed when weighing the single offer. After discussion the board voted to accept the bid; staff noted a formal closing and documentation remain to complete the sale.
