Agenda Item
Meeting Date:
3/13/2025 - 4:00 PM  
Category:
CONTRACTS/RESOLUTIONS/AGREEMENTS - Consent  
Type:
Action  
Subject:
12.4 Release of Deposit and Cancellation of Initial Commercial Contract Offer (with Vincenzo Torre); and Acceptance of Backup Commercial Contract Offer (with Kelson Drugs, Inc.) for the 2971 Guyton Street Property  
Strategic Plans:
 
Policy:
 
Enclosure:
 
File Attachment:
Release and Cancellation of Contract JCSB to Torre.pdf
Commercial Contract with Kelson Drugs, Inc for Guyton Street Property.pdf
 
Summary:
Vincenzo Torre requested a Release and Cancellation of Contract on 2/25/25 for the Guyton Street property and included is a backup offer from Kelson Drugs, Inc. for $200,000 for the 2971 Guyton Street property. If approved by the board, the estimated closing with be within 30 days.  
Funding:
 
Recommendation
Approval of Release of Deposit and Cancellation of Initial Commercial Contract Offer (with Vincenzo Torre); and Acceptance of Backup Commercial Contract Offer (with Kelson Drugs, Inc.) for the 2971 Guyton Street Property  
Approvals:
Recommended By:
Signed By:
Hunter Nolen - Superintendent
 
Vote Results:

Original Motion
Member Chephus Granberry Moved, Member Michael "MJ" Jackson seconded to approve the Original motion 'Approval of Release of Deposit and Cancellation of Initial Commercial Contract Offer (with Vincenzo Torre); and Acceptance of Backup Commercial Contract Offer (with Kelson Drugs, Inc.) for the 2971 Guyton Street Property'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Tony Pumphrey     Yes
Chris Johnson     Yes
Chephus Granberry     Yes
Michael "MJ" Jackson     Yes
Rex Torbett     Yes