Wake School Board to consider offer for property

February 7, 2012 3:10:02 PM PST
One of three properties the Wake County Public School System owns finally has finally received a bid. If the bid goes through, it could mean less taxpayer money will be spent on maintenance costs.

The property in question is on Noble Road. It's about 10 acres of land that has a 2008 tax value of $5.1 million. The district was hoping to nab $3.1 million for it but the offer that's on the table is about 25 percent less than that.

Tuesday evening, board members will have several options to consider.

"The offer is a little bit below what the appraised price is, so as staff presents it to the board, we'll present the appraised amount and we'll present the offer amount and suggest the board that there are different actions they can take," said WCPSS Chief Facilities and Operations Officer Don Haydon. "Whether it wants to consider the offer and consider accepting it or whether it wants to reject it or whether it wants to make a counteroffer."

The buildings have been on the market for several months and, right now, maintaining them is costing taxpayers about $20,000 a month.

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