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File code: ADM.REALEST.POL
Approval Date: 06/15/00
Approved By: President

Policy on the Purchase of Real Estate

The following steps shall be taken for Real Estate purchases requiring Board of Trustees approval:

  1. A title search of the premises indicating ownership thereof and the ability to secure clear title thereto.
  2. An appraisal performed by a Certified General Real Estate Appraiser.
  3. A statement of the intended use of the premises.