The Fiscal Court is hoping to buy the former bus garage property on Main Street to relocate the senior citizen’s center. When the Board of Education came to the item near the end of their open meeting, Superintendent Tim McGinnis recommended that they “table” the decision and discuss the court’s offer further, which they did in executive session.
The Fiscal Court has offered $85,000 for the property, which is close to three acres, but McGinnis told the Cadiz Record that the property has been appraised at $170,000. Kentucky law states that board-owned property cannot be sold for less than the value. Part of the high value, and part of the reason the property is attractive to the county, is that there is already access to utilities.
McGinnis said he hopes to work out some agreement, but that the board has to make sure it works within the parameters and restrictions set by state government. He said the county and the schools have had a reciprocal relationship in the past that he hopes will continue. For example, the soccer field the schools use is at a recreation complex that the Fiscal Court owns, he said. The land used for baseball and girls’ softball is also owned by the county.
McGinnis said these arrangements have been helpful to the school, and that the county has offered other non-monetary “in-kind” donations such as excavating the bus garage, but that it is hard to use these services as justification for selling property for less than it is worth. The state needs to see what funds are being exchanged, and it is hard to calculate how much voluntary services are worth.
McGinnis did say, however, that some people have told him they think the appraisal of $170, 000 is too high. One way to work toward a solution might be to have the property reappraised, he said. Another option might be a public auction, although he said he wasn’t sure how feasible that was.
Earlier in the meeting, the board approved plans to buy six new buses and new fuel storage tanks. Three of the buses will be paid for in full with a total of $173,709. A regular bus will be purchased for $67,292, a handicap bus will be purchased for $65,422 and a mini bus will cost $40,995. The price of the regular bus includes three storage boxes, which are valued at $966 each.
For the rest of this story, read this week's Cadiz Record.