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Board of Trustees
114 Tillman Hall
Rock Hill, SC 29733, USA
803/323-2225
803/323-3001 (fax)
trustees@winthrop.edu

RESOLUTION TO APPROVE THE SALE OF .04± ACRES OR APPROXIMATELY 1,642 SQUARE FEET OF LAND LOCATED AT THE INTERSECTION OF CHERRY ROAD AND CHARLOTTE AVENUE

WHEREAS, Winthrop University is located in York County; and owns a .536 acre parcel located at 700 Cherry Road, Rock Hill, South Carolina with improvements on said parcel known as the Bookworm; and

WHEREAS, Winthrop University acquired the Bookworm parcel by issuing bonds referred to as the $810,000 Winthrop University Auxiliary Facilities Revenue Bonds, Series 1997 (“Facilities Revenue Bonds”); and

WHEREAS, the City of Rock Hill desires to purchase a narrow strip of land containing .04± acres in the amount of $23,600, for use as a right turn lane on Charlotte Avenue at the intersection of Cherry Road; and

WHEREAS, Winthrop University desires to dispose of this property and retain the proceeds from the sale for use in accordance with the Facilities Revenue Bonds; and

WHEREAS, the Trustee under the Facilities Revenue Bonds has been provided with an appraisal in accordance with the requirements of Section 7.12 (C) of the Facilities Revenue Bonds relating to the sale of any portion of the Facilities; and

WHEREAS, the Budget and Control Board approved the sale of .04± acres, or approximately 1,642 square feet at 700 Cherry Road, to the City of Rock Hill in the amount of $23,600, to provide additional land for installation of right turn lane at the intersection of Cherry Road and Charlotte Avenue in accordance with Section 7.12 (C) of the Facilities Revenue Bonds.

THEREFORE, BE IT RESOLVED, the Board of Trustees of Winthrop University does hereby approve the sale of .04± acres, or approximately 1,642 square feet to the City of Rock Hill for $23,600 to provide additional land for installation of a right turn lane at the intersection of Cherry Road and Charlotte Avenue based on the approval from the Budget and Control Board on January 27, 2000.

June 8, 2001

IN THE HEART OF THE CAROLINAS
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