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New district office valued at $3.18 million

Posted: February 11, 2011 4:31 p.m.
Updated: February 14, 2011 5:00 a.m.

Those paying close attention to Wednesday’s real estate listings may have been surprised to see what looked like the Kershaw County School District (KCSD) spending $3,178,850 for its new district offices on U.S. 1 (DeKalb Street) in Camden instead of the $1.25 million first reported.

A look at the actual real estate contract between the district and PrimeRealty Group, however, shows that the $3.18 million amount is the tax assessed value of the property. According to the contract, PrimeRealty Group has donated an estimated $1.93 million to the school district, including $500,000 for the district’s current office building on DuBose Court.

The current board office was appraised for $300,000.

KCSD Superintendent Dr. Frank Morgan said the $1.93 million donation is not a loan, and the school district will not be responsible for paying that money back.

“The only thing we put out was $1.25 million,” Morgan said. “We didn’t pay 1 cent more for that property.”

The Kershaw County Board of School Trustees finalized the contract with PrimeRealty Group in December. Plans to move into the new office are underway.

At a recent board meeting, Morgan estimated that technology district office employees could move into the new office in early spring, with remaining staff following at the end of the school year and the early part of summer.

The board will hold its next meeting 6 p.m. Tuesday night at the district’s current office, 1301 DuBose Court. Scheduled items include a committee report on the iCan laptop program and a legislative update.

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