(Smith County Insider Press) South Carthage, Tenn. – On Tuesday night, June 20, the Smith County Board of Education approved an option agreement on a 27.81 acre lot in Gordonsville.
Earlier this year, the Board of Education gave the director, Barry Smith, the authority to begin researching and negotiating the potential purchase of land in the Gordonsville area. Smith chose a 27.81 acre lot located at the corner of Main Street and Trousdale Ferry Pike in the city limits of Gordonsville.
According to the Tennessee Property Assessment website, the property belongs to the Preston family. The property borders are the railroad, I-40, Trousdale Ferry Pike, and several residential lots.
The full cost of the property is $500,000. The option agreement cost $3,000 and is good for 6 months. If the option to buy the property is accepted by the Board of Education, the $3,000 option cost will go toward the full cost of the property and $497,000 will be the cost. If the Board of Educations decides to not purchase the property, they forfeit the option cost, and the property owners keep the $3,000 option money.
The board gave Director Smith the authority to move forward with having studies performed to determine if the property is suitable to build a school on.
At this time, it is undetermined if the potential school to be built will be a High School or Elementary School.
See video of the entire June 2017 Board of Education Meeting below:
