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District staff recommend pursuing purchase of 241 Elm Street after $335,000 appraisal
Summary
Executive Director Chaffey told the board the homeowner at 241 Elm Street has expressed interest in selling; the district obtained an appraisal valuing the property at $335,000 and has capital funds set aside; Chaffey recommended next steps toward making an offer and returning any agreement to the board for approval.
Executive Director Chaffey reported that, as part of long-range facilities planning, the homeowner at 241 Elm Street has expressed interest in selling their property. The district obtained an appraisal valuing the parcel at $335,000 and has funding set aside for long-term capital improvements that could be used for the purchase.
Chaffey recommended taking next steps to make an offer and said that if a purchase agreement is reached, he would bring the agreement to a future board meeting for consideration and possible approval. "We have funding set aside for long-term capital improvements which is what would be used to make the purchase," the transcript records Chaffey stating at the session.
