Town Debates Terms for Greenville Elementary Property
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Description
The Greenville Town Council reviewed but did not act on a proposed contract with the Madison County School Board to acquire the Greenville Elementary School property for $10 under strict use, maintenance, and reversion conditions. Further negotiations will continue before the school board revisits the item in February.
Contract Details
Contract Amount
$10 purchase price; property currently valued at approximately $1.5 million for insurance purposes
Vendor
MADISON COUNTY SCHOOL BOARD
Agency
Town of Greenville, FL
Contract Type
FACILITIES
Document Date
December 15, 2025
Contract Term
30-year restriction on selling or conveying the property; one-year maximum terms for offering space to other entities
Renewal Info
Proposed agreement includes a 30-year restriction on sale or conveyance and a reversion clause returning the property to the school board if terms are violated; no renewal structure specified.
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