Resolution Regarding Possible Disposal of Surplus Lots

WHEREAS, pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University was created and established as a body corporate for the purpose of effectuating the educational mission of Winthrop University; and

WHEREAS, pursuant to the Winthrop University Board of Trustees Bylaws art. VIII, §2, the Finance Committee has the responsibility to consider, in collaboration with the Strategic Planning and Facilities Committee, any acquisition or disposal of land or other real property;

WHEREAS, the Board has reviewed the proposed disposal of surplus lots, specifically 226 Sidney Street, three lots between 516 and 620 Oakland Avenue, and one lot at 642 College Avenue, and agrees that their disposal may align with the University’s strategic plan and campus master plan to support the 10-year roadmap to the future; and

WHEREAS, as property ultimately belonging to the State of South Carolina, the proposed surplus lots must be formally appraised and the State consulted on any potential sale, including consideration of the valuation of the properties and any potential bidders, which also is of great interest to the Board.

NOW, THEREFORE, BE IT RESOLVED that the Winthrop University Board of Trustees hereby requests a report from the University and approves moving forward with exploration of disposing of the lots as presented, specifically:


226 Sidney Street – 2.17 acres

3 lots between 516 and 620 Oakland Avenue – totaling 0.88 acres

642 College Avenue – 0.26 acres

 

BE IT FURTHER RESOLVED that the Acting Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 26th day of June, 2025, in a regularly scheduled meeting. Such resolution shall be maintained and publicly posted by the Acting Secretary of the Board in a time and manner as required by law.