Wake school board agrees to new deal for YWCA property

From staff reportsJanuary 23, 2013 

— The Wake County school board has agreed to a new deal to purchase the former YWCA property near downtown Raleigh.

By a 4-2 vote late Tuesday, the school board agreed to pay $825,000 for two acres on East Hargett Street, including the building occupied by the YWCA. The school system renegotiated the deal after the Wake County Board of Commissioners rejected a previous deal to pay $1 million for nearly three acres.

Commissioners rejected the deal Jan. 7 because of title issues with one of the three lots that the school district wanted to purchase. But commissioners also said they would consider approving funding for the purchase under different terms.

Previously, school officials said that the federal bankruptcy court trustee handling the sale on behalf of the YWCA was only willing to sell all three lots to the district.

But after further negotiations, Joe Desormeaux, the school system’s assistant superintendent for facilities, said Tuesday that the trustee was willing to just sell the two lots that didn’t have title issues. Desormeaux said the two lots are big enough to house a school.

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