Review 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