putnam_county_board_meeting_agenda_january_2026.pdf
Fourth Annual Payment for Trinity Property Option
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Description
The Board approved the fourth annual $5,000 option payment to the City of Cookeville for the Trinity Property, allowing continued purchase consideration of 92.54 acres.
Contract Details
Contract Amount
$5,000.00 (year 4 of 5), Option price $2,783,418.00 if executed
Vendor
CITY OF COOKEVILLE
Agency
Putnam County School District, TN
Contract Type
OTHER
Document Date
January 8, 2026
Contract Term
Option: 5 years (annual payments)
Renewal Date
2027-01-31
Renewal Info
Five-year option agreement with City of Cookeville to purchase property. Payments made yearly. Option expires after fifth year if not executed.
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