AG 1992 08 03 - Laserfiche WebLink

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NORTH CAROLINA CABARRUS COUNTY RESOLUTION THAT WHEREAS, pursuant to G.S. 115C-517, City Boards of Education are authorized to acquire suitable sites for school houses and other school facilities. AND WHEREAS, the Kannapolis City Board of Education, a body corporate, is given the power to hold school property, real and personal, and to pur- chase and hold the same within the unit. AND WHEREAS, the Kannapolis City Board of Education has unanimously adopted a Resolution to acquire that property adjoining the property of the Kannapolis City Board of Education owned by Gary Lee Campbell and wife, Debra N. Campbell and known as 1401 Venus Street, Kannapolis, Cabarrus County, North Carolina for the purchase price hereinafter set forth, this real property adjoining its present property known as Jackson Park Elementary School; that the Kannapolis City Board of Education has deemed it necessary to acquire the property in order to expand the existing school facilities, for playqround use and other essential uses. AND WHEREAS, the property sought to be acquired adjoins Jackson Park Elementary School property at its northern boundary and the real property con- sists of a dwelling house and out buildings on a lot fronting on the south side of Venus Street and having a frontage of 100 feet and a lateral line of 150 feet, which are deemed useful by the Kannapolis City Board of Education. AND WHEREAS, Gary Lee Campbell and wife, Debra N. Campbell, have offered to sell this property which they hold in fee simple absolute and which will be acquired in fee simple absolute for the purchase price of Fifty Thousand Dollars and no/lO0 Dollars ($50,000.00); that the Cabarrus County tax value assessed against this property for 1991 is $44,550.00; and the appraised value is $45,500.00. AND WHEREAS, the Kannapolis City Board of Education deems, under the circumstances, that this price is fair and reasonable for the purposes said real property is to be used. AND WHEREAS, under the provisions of G.S. 115C-426(f), no contract for the purchase of a site shall be executed or any funds expended therefor with- out the approval of the Board of County Commissioners of Cabarrus County as to the amount to be spent for the site. AND WHEREAS, it is the desire and request of the Kannapolis City Board of Education that the Cabarrus County Board of Commissioners now ratify, confirm and approve the purchase of the above-referred to real property and the expenditure of funds therefor.