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