WHEREAS, the City of Rock Hill, South Carolina (the "City") owns a 12.38 acre parcel
with improvements located at 349 Columbia Avenue, Rock Hill, York County, South Carolina,
and more specifically described as part of tax parcel numbers 598-03-01-002, 598-03-01-004,
and 598-05-01-013 and by this reference (the "Operations Center"); and
WHEREAS, Winthrop University desires to purchase the Operations Center in the amount
of $2,670,000 and shall accept the Operations Center "AS-IS" in its existing condition;
and
WHEREAS, the University and owns a 8.27 acre parcel with improvements located adjacent
to Cherry Road, Rock Hill, York County, South Carolina, and more specifically described
as Tract A and Tract B attached hereto and incorporated by this reference (the "Cherry
Road Property); and
WHEREAS, the City of Rock Hill desires to purchase the Cherry Road Property in the
amount of $500,000 and shall accept the Cherry Road Property "AS-IS" in its existing
condition; and
WHEREAS, The City and the University for and in consideration of the mutual agreements
attached hereto, the City agrees to sell and convey to the University the Operations
Center containing approximately 12.38 acres; and the University agrees to sell and
convey to the City the Cherry Road Property, an 8.27 acre parcel with improvements;
and
WHEREAS, South Carolina Budget and Control Board approval is required for the purchase
of the 12.38 acres Operations Center, from the City in the amount of $2,670,000 and
for the sale of the 8.27 acres Cherry Road Property, to the City in the amount of
$500,000;
THEREFORE, LET IT BE RESOLVED the Board of Trustees of Winthrop University does hereby
approve the purchase of the 12.38 acres Operations Center and the sale of the 8.27
acres Cherry Road Property, upon the approval of the South Carolina Budget and Control
Board on December 14, 2010.
November 5, 2010
