Resolution of the Center Grove Community School Corporation

RESOLUTION OF THE CENTER GROVE COMMUNITY SCHOOL CORPORATION, JOHNSON COUNTY, INDIANA, AUTHORIZING PROPERTY ACQUISITION AND APPOINTMENT OF APPRAISERS

WHEREAS, the Board of School Trustees (the “School Board”) of the Center Grove Community School Corporation, Johnson County, Indiana (the “School Corporation”) has given consideration to the acquisition of real estate located at 2812 South Morgantown Road, Greenwood, Indiana containing approximately .32 acres and improvements thereon, including a 5,460 square foot commercial building; and

WHEREAS, the School Board has determined that given the location of said real estate to its existing properties, as well as the consideration of future land use planning; and

WHEREAS, the School Board has received information regarding the availability of said real estate and now determines that it is in the best interest of the school corporation that said property should be purchased; and

WHEREAS, I.C. 36-1-10.5-1 requires that before a school corporation can purchase real estate, a resolution must be adopted indicating the corporation’s interest in the purchase of said real estate; and

WHEREAS, after consideration at a duly organized meeting of the Center Grove School Corporation, the Board may acquire the real estate as permitted by I.C. -36-1- 10.5-1 for an amount not to exceed the average of two (2) appraisals which the purchasing agent of the school corporation is authorized to obtain.

NOW, THEREFORE, be it resolved by the Board of School Trustees of Center Grove Community School Corporation, Johnson County, Indiana as follows:

Section 1. The School Board has determined it is interested in making a purchase of the land, structures and improvements situated at 2812 South Morgantown Road, Greenwood, Indiana containing approximately .32 acres, together with all improvements thereon including a 5,460 square foot commercial building;

Section 2. I.C. 36-1-10.5-5 permits the School Corporation through a purchasing agent to appoint two (2) appraisers to appraise the fair market value of the land and structures as long as appraisers are professionally engaged in making appraisals and are trained and licensed as appraisers under I.C. 25-34-1.

Section 3. The Purchasing Agent is hereby authorized to secure from R.P.E./Cobb & Associates and Mitchell Appraisals, Inc. separate appraisals within thirty (30) days after the date of this appointment and the Purchasing Agent shall keep the appraisals on file in the corporation’s offices for five (5) years after having been so secured. Section 4. The School Board hereby confirms the employment of these real estate appraisers and after receipt of their appraisals, the Purchasing Agent is authorized to enter into a contract to purchase the real estate for an amount not to exceed the average of the two (2) real estate appraisals received pursuant to this Resolution.

Section 5. The Purchasing Agent is further authorized to enter into a Purchase Agreement in accordance with the appraisers report and further authorized to deposit $2,000.00 Earnest Money in the ordinary course of entering into said purchase agreement.

Section 6. Each of the President of the School Board (the “President”), the Secretary of the School Board (the “Secretary”), the Superintendent of the School Corporation (the “Superintendent”) and the Chief Financial Officer of the School Corporation (the “Chief Financial Officer”) is hereby authorized to execute any and all documents and to take any and all actions which such person deems necessary or appropriate to complete the transaction contemplated by this Resolution; provided, however, that any such document must be executed by at least two (2) of the foregoing people and must be consistent with the terms and conditions set forth in the appraisals report. Any and all documents executed by the President, Secretary, Superintendent and/or the Chief Financial Officer in connection with the action contemplated by this Resolution and any and all actions taken by the President, Secretary, the Superintendent and/or the Chief Financial Officer in connection with the transaction contemplated by this Resolution are hereby approved.

This Resolution hereby is ADOPTED by the Board of School Trustees of the Center Grove Community School Corporation, Johnson County, Indiana this ______day of July, 2009.

CENTER GROVE COMMUNITY SCHOOLS BOARD OF SCHOOL TRUSTEES

FOR AGAINST

ATTEST:

Carol Tumey, Secretary