The Chronicle of Mt. Juliet, June 17, 2009, Page 3
The highest offer sofar was put on the table last week for what is arguablythe most sought-after pieceof real estate in Mt. Juliet, acounty of
fi
cial said Monday, with a price tag of $3.4million for 12 acres.Wilson CountyMayor Robert Dedman saidMonday that he received anoffer on what is commonlyknown as the old Mt. JulietElementary School property,located at the corner of Mt. Juliet Road and Division, on Thursday, June 11. Dedmansaid he received the offerfrom a “local seller,” though wouldn’t divulge the name,for a total of $3.4 millionfor the entire 12 acres,although the offer “hasn’tbeen proved.”“There are four or
fi
ve pages (in the offeredcontract) of ‘if, ands orbuts,’ but it is for the entire12 acres,” Dedman saidMonday. “If we can sell the whole lot of it, that’s what(county of
fi
cials) we’d preferto do.”A contract for thesale of the property dated June 11 between WilsonCounty and Odell Binkleyobtained on Tuesday by thisnewspaper lists the purchaseprice as $3.4 million with$100,000 as earnest money. The contract states that“this sale will be closed on orbefore 90 days from the endof the due diligence period.”As far as zoningfor the parcel, which was within the boundariesof the recently defunctVillage Overlay District,the contract states that “If Buyer has not been ableto obtain zoning for retail/of
fi
ce/recreation facility and water and sewer capacityapproval for $100,000square feet + by the endof the contingency period,Buyer can extend thisperiod by making $5,000of the earnest money nonrefundable per month untilsuch is obtained. If theseitems cannot be obtained ina time frame satisfactory tothe Buyer, Buyer may cancelthis contract and receive arefund of all earnest moneythat has not become nonrefundable.“Seller has 45 daysfrom the receipt of thiscontract to accept or rejectit.”Dedman said he sentthe offer to Wilson CountyAttorney Mike Jenningsand Wilson County FinanceOf
fi
cer Ron Gilbert for theirconsideration late last week.He added that Jenningshad been out of the of
fi
ceuntil Monday and he’d yetto hear back from them. Thecounty’s asking price forthis property is reportedly$3.5 million.Dedman said thereare two other offers beingconsidered for purchaseof the property, includingpurchase of $1.1 million foraround two acres.A letter of intentobtained by this newspaperand submitted by KurtWolfman of K Jon Realtystates that he representsCVS Pharmacy and offered$1.1 million for two acres of the property. The letter wassent to Dedman on April27.Wolfman saidthe offer is currently“going through the properchannels.” He added thatthere is not an expirationdate on the offer, but he has yet to hear back from countyof
fi
cials.Binkley, a Mt. Julietresident, said Tuesday thathe earlier offered of $2.25million for the entire 12acres, which he presentedto county of
fi
cials “arounda month ago.” He said heplanned to develop retail andof
fi
ce space on the propertybut also has not gottena response from countyof
fi
cials.Jennings said Tuesday that he hasforwarded the offers to theWilson County Public WorksDepartment for consultation,but that committee has yetto schedule a meeting todiscuss the offers.
By Tomi L. Wiley
Managing Editor
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County gets $3.4M offer for entire 12 acres of Old MJES property
The Old Mt. Juliet Elementary School property, considered by cityleaders and officials to be one of the most prime pieces of real estatein the city, is owned by Wilson County, which has listed the 12-acreparcel at $3.5 million. It was the site of a temporary carnival throughJune 13, which benefitted the Wilson County Explorer program.~
Photo by Tomi L. Wiley
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