BOARD OF TRUSTEES SPECIAL MEETING
Administrative Conference Room
August 15, 2007
12:00 noon
A.
CALL TO ORDER
President Tim Jones called the meeting to order at 12:04 p.m. with
six members present.
B. DECLARATION OF QUORUM
President Tim Jones, Vice
President Mary Broussard, Secretary Randall Pitcock, Trustees Charlotte Slack, Garland
Watson and Marc Chaloupka were present.
Trustee Steve Aldrich arrived at 12:05 p.m.
C. BUSINESS AND OPERATIONS
C-1. Consider approval of the assignment
and assumption of a contract to purchase real property, and consider approval
of an agreement for the release of restrictive covenants. The contract and assignment are summarized as
follows: Farm and Ranch Contract dated
April 19, 2007, by and between Travis E. Nelson as Seller and Michael H.
Gentry, or Assigns, as Buyer, for the purchase of 46.028 acres at the
intersection of Greens Prairie Trail and Royder Road,
College Station, Brazos County, Texas, for a Purchase Price of $28,500.00 per
acre; said Contract amended on July 12, 2007, to extend the option to terminate
the Contract to August 21, 2007. The
Release of Restrictive Covenants is summarized as an agreement by the District
to pay the sum of $55,000.00 plus reasonable attorney’s fees to the
beneficiaries of the VRV Trust in consideration for an agreement conditionally
releasing a deed restriction that prohibits the use of the property for any
purpose other than single family residential homes.
After
calling the Special meeting to order, President Jones recognized Superintendent
Eddie Coulson, who introduced Attorney Mike Gentry. Mr. Gentry briefly reviewed and updated the
trustees regarding the purchase of the 46.028 acres of real property at the
intersection of Greens Prairie Trail and Royder Road,
College Station, Brazos County, Texas.
MOTION 3804: I move that:
1.
The
Board of Trustees of the College Station Independent School District (“Board”)
approve the terms and conditions of that certain Farm and Ranch Contract dated
April 19, 2007, by and between Travis E. Nelson as Seller and Michael H.
Gentry, or Assigns, as Buyer, for the purchase of 46.028 acres at the
intersection of Greens Prairie Trail and Royder Road,
College Station, Brazos County, Texas, for a Purchase Price of $28,500.00 per
acre; said Contract amended on July 12, 2007, to extend the option to terminate
the Contract to August 21, 2007 (“Contract.).
2.
The
Board of Trustees, on behalf of the district, shall accept an assignment of the
Contract from Michael H. Gentry, and further that the District shall assume the
responsibilities and liabilities of the Buyer pursuant to the terms of the
Contract, and further that the Board President shall have authority to sign
that certain Assignment of Farm and Ranch Contract (“Assignment”).
3.
The
Board of Trustees approves the form and substance of the Release of Restrictive
Covenants (“Release”).
4.
The
Board of Trustees authorizes the District to pay the sum of $55,000.00, plus
reasonable attorney’s fees, to the beneficiaries of the VRV Trust, in
consideration of the delivery of the Release by such beneficiaries; and
5.
The
Board of Trustees authorizes the Board President, the Superintendent or their
appointed designees, to do any and all things necessary to close on the
purchase of the property described in the Contract and to pay the consideration
for such property as described in the Contract.
The motion was made by Randall Pitcock and seconded by Charlotte
Slack. The motion passed with seven ayes
and zero nayes.
Superintendent Eddie Coulson reminded Trustees that the next board
meeting will be 8/21/07, beginning with the Board Workshop at 5:30 p.m.
Next Tuesday, August 21st, also is the “We’re Ready
Rally” at 8:00 a.m. at Central Baptist Church for all employees. The NTI (New Teacher Induction) Luncheon is
scheduled for Friday, August 17th at Pebble Creek Country Club at
11:30 a.m. Board Members are urged to
attend both.
D. ADJOURNMENT
Without objection, President Jones adjourned the workshop meeting
at 12:15 p.m.
TIM
JONES RANDALL PITCOCK
PRESIDENT SECRETARY