It looks like the Wake County school system may have gotten an extra $43.000 from the Town of Matthews foe the land turned over by disgraced House Speaker Jim Black
As noted in today's article by Melinda Johnston, school officials and the town have preliminarily agreed on a sale price of $338,000 for the land. This comes after the school board rejected earlier this month an offer of $295,427 for the land.
The deadline for a competing offer for the property was 9 a.m. today. I've asked but not found out yet whether any offer came in.
When the school board rejected the deal, it told staff to aim for $338,000, — the average of the appraisals that Wake and Matthews had both done for the property. Matthews wants to use it as a park and their town board approved the deal last Monday.
It's likely the school board would still have to vote on the deal, but it would be more of a formality considering that the price is what they had asked for.
It still falls short of the $500,000 that Black had claimed the property was worth in 2009 when he turned over the land to the school system to satisfy part of his criminal fine.
Wake says no one else submitted a competing bid by the Monday deadline.