The Executive Committee of the Asheville-Buncombe Technical Community College Board of Trustees convened a meeting on Wednesday, December 19, 2018, at 4:00 p.m. in the Simpson building. Mary Ann Rice, Chair, presided.
The following members of the Executive Committee were present: Joe Brumit, Roger Metcalf, and Frances Ramsey.
Additional Trustees present for the meeting included: Trustees Matt Kern and Bill Murdock.
Others present for the meeting included: Dennis King, President; Dirk Wilmoth, Vice President Business and Finance/CFO; Walt Curry, College Attorney; James Wilson, Pulliam, and Associates; and Carolyn Rice, Secretary to the Board.
At 4:05 p.m., Chair M. Rice called the meeting to order.
Offers For A-B Tech Enka
Mr. Wilson presented an offer from Rusty Pulliam to the Committee. Mr. Pulliam is offering $2.75 Million for a 14-acre parcel at A-B Tech Enka. Mr. Pulliam is asking for 180 days for an examination period, will pursue getting the property rezoned from industrial to commercial, and proposes to close on the property in 60 days. Mr. Pulliam seeks a shared right of way for an entrance, as well as a maintenance agreement with the College on the property.
Mr. Wilson further stated that Mr. Pulliam would withdraw his offer for the property if the Executive Committee believes there is a conflict of interest.
Mr. Curry suggested that the Executive Committee make a recommendation to the full Board regarding which offers for the property were viable for the College.
Mr. Brumit moved to reject the following offers for the A-B Tech Enka property:
- McElroy & Associates, LLC’s offer of $8.2 Million for the entire A-B Tech Enka.
- Ball Properties, Inc.’s offer of $5 Million for the entire A-B Tech Enka.
- Ball Properties, Inc.’s offer of $1.4 Million for 7.7 acres of A-B Tech Enka.
- Crown Companies, LLC’s offer of $6 Million for the entire A-B Tech.
- Ball Properties, Inc.’s offer of $1.5 Million for 6.7 acres of A-B Tech Enka.
The motion was seconded by Dr. Metcalf and was approved by unanimous consent.
Mr. Brumit moved to discuss the offer from Pulliam Properties. The motion was seconded by Dr. Metcalf and was approved by unanimous consent.
Mr. James Wilson left the meeting at 4:15 p.m.
The Committee discussed the offer from Pulliam Properties. Mr. Brumit shared information on an offer from Mr. Martin Lewis, a local real estate developer. Mr. Lewis is interested in meeting with the Committee and making an offer on part of the A-B Tech Enka property.
Dr. Metcalf moved to meet with Mr. Lewis in early January 2019 to discuss the potential offer. The motion was seconded by Mr. Brumit and was approved by unanimous consent.
Contract Extension For Pulliam Properties, Inc.
The Committee discussed extending the listing contract for Mr. James Wilson and Pulliam Properties, Inc.
Mr. Brumit moved to allow the listing contract for Mr. James Wilson and Pulliam Properties, Inc., to expire on December 31, 2018. The motion was seconded by Dr. Metcalf and was approved by unanimous consent.
Mr. Brumit then moved to reject Pulliam Properties, Inc.’s offer of $2.75 Million for a 14-acre parcel at A-B Tech Enka. The motion was seconded by Dr. Metcalf and was approved by unanimous consent.
Recommendations For New Board Members
The Committee discussed the three Board appointments that expire on June 30, 2019. The Governor, Buncombe County Commissioners, and the Boards of Education will all need to appoint or reappoint a member to the Board this spring.
All three current Board members have expressed interest in being reappointed to the Board. Dr. King will write the appointing authorities and inform them of the Trustee's desire to be reappointed.
Campbell Shatley Fee Increase Notice
The Committee discussed Campbell Shatley and the increase in attorney fees.
Ms. Frances Ramsey moved to accept the fee increase and retain Campbell Shatley as the College’s attorney. The motion was seconded by Dr. Metcalf and was approved by unanimous consent.
Adjourn
On a motion by Mr. Brumit, seconded by Dr. Metcalf, the meeting adjourned at 4:50 p.m. by unanimous consent.
Respectfully submitted,
Carolyn H. Rice
Board Secretary