7250                     

DISPOSAL OF REAL PROPERTY AND GRANTING EASEMENTS

7250

7250.1           

When the Wake County Board of Education finds that any building site or other real property owned or held by the board is no longer suitable or necessary for public school purposes, the Superintendent or his designee shall determine the fair market value of the property, which may include soliciting offers to purchase the property.  After the board has determined the value of the property, the board shall offer the property to the Wake County board of commissioners.  If the board of commissioners elects to obtain the property, the Board of Education shall be paid the fair market value thereof by an earmarked capital fund appropriation from the county commissioners to the Board of Education in the next occurring fiscal year.  If the board of county commissioners does not choose to obtain the property, the Board of Education may dispose of the property as provided by law and all proceeds received therefrom shall be used for capital outlay or remitted to the board of county commissioners for the purpose of reducing bonded indebtedness.

7250.2                   

In addition to the above, the Board is authorized and empowered by law, in its sound discretion, to grant easements to any public utility, municipality or quasi-municipal corporations to furnish utility services, with or without compensation except the benefits accruing by virtue of the location of said public utility, and to dedicate portions of any lands owned by the board as rights-of-way for public streets, roads, or sidewalks, with or without compensation except the benefits accruing by virtue of the location or improvement of such public streets, roads, or sidewalks.

Legal Reference:  G. S. 115C-518; G.S. 160A, Art. 12                               

Adopted:  May 21, 2002

Adopted: September 6, 2005