Siemens Property Update

Downingtown Area SD Board · November 14, 2024

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Procedural: motion to move agreement to public agenda

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A motion was made and approved to move the agreement to the public portion of the agenda; the meeting will present the agreement publicly and hard copies will be available afterward.

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Actions:move agreement public

The board discussed a proposed $64,000,000 agreement of sale for the former Siemens property, moved the agreement to the public portion of the agenda, and heard an attorney-led overview of the buyer's terms, timeline, deposits and required court and township approvals.

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Transcript

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