SALYERSVILLE - The Magoffin County School Board met last Thursday evening to discuss the possibility of purchasing land for a future Magoffin school.
Superintendent Stanley Holbrook said they have looked at several pieces of land on the Mountain Parkway as potential building locations, but they have finally narrowed it down to piece of property reasonably priced that requires less preparation.
The landowners, Darrell and Tom Keeth, expressed to the Board that they were adamant they did not want to sell to anyone but the school system. The land has been in their family for over 200 years, but they have ties to the Magoffin school system and are comfortable selling to them.
While Holbrook said other properties they considered ran in a ballpark of $10 million, with exponentially higher site preparation costs.
The Keeths offered the land to the Board for $1 million. Redd, Brown and Williams, an agency approved by the Kentucky Department of Education (KDE), appraised the property at $1,044,000.
The Board approved the purchase of the land, pending KDE approval. The land will have to be surveyed and a geological analysis run before purchase can be made final.
Funding for the purchase is available from money appropriated strictly for purchasing and developing land, Holbrook said. The money is leftover funds from the South Magoffin Elementary, North Magoffin Elementary and Magoffin County High School recent projects, totaled at $1.9 million.
Holbrook said they hope to be able to put a new high school on the property, a project that could cost upwards of $25 - 34 million. If funding allows, they are working on plans for a new athletic complex on the property, as well.
While Holbrook looks for funding for the upcoming building projects, he said it takes two years to build a school.
Also in Thursday night's meeting, the Board approved the working budget. Holbrook said they are working toward holding the faculty and supporting staff harmless on their salaries, hoping to recover cuts made earlier this year.