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Auctions bring more than budgeted for surplus schools


GOOD PRICES. GOOD NEWS: BUILDINGS WILL BE PUT TO GOOD USE
  1. Shepherd Elementary: $117,500 plus buyer's premium
  2. Sparksville Elementary: $76,000 plus buyer's premium
  3. Knifley Grade Center: $75,000 plus buyer's premium

By Ed Waggener

The three Adair County Schools auctioned by Bryant Auction & Realty Company, Columbia, KY, brought a total of $268,500 in auctions held September 30 and October 7, 2006.

Adair County School Board Chairman Mike Harris said that he is pleased with the prices gotten for schools at Knifley, Sparksville, and Shepherd.

"From what I've heard of used school sales," he said, "we did quite well."



The board had written a conservative estimate of $150,000 for the three schools into the current fiscal year working budget. Mr. Harris was not sure of the total for the sale with ancillary items which were sold separately. However, that should have added a few thousand dolllars. A full report will probably be made known at the schools October, 2006, regular meeting.

Sparksville Elementary School was auctioned September 30, 2006. The property brought $76,000 plus a 4% buyer's premium. It was purchased by Robert Fishback. We've been unable to reach Mr. Fishback, but reports in Flatwoods after the sale were that his primary reason for buying the property was that he always wanted to have a really big building. It is that.

Shepherd Elementary School was auctioned at 10:00am CT, October 7, 2006, The high bidder, at $117,500. plus a 4% buyer's premium, was Leon Neat. The board had expected a higher price for the Christine on Burton Ridge School because of the high real estate values in the area. Mr. Neat's father is the legendary luthier, Frank Neat, Russell Springs, KY, whose company, Neat Banjo Works, is the acknowledged top banjo builder in the country. The best in the business, they say. (Don't take our word for it. Read about Frank Neat at banjohangout.com; to see one page on his work, Click Here People in the Purdy region are hoping there will be a Neat Banjo Works in the future for the building.

Knifley Grade Center was auctioned at 1:00pm CT, October 7, 2006. Randy and Melinda Quinn bought the Knifley Grade Center It brought $75,000 plus a 4% buyer's premium. Randy Quinn is the owner of Greenriver Window & Door in Columbia. The Quinns said that they haven't decided for sure what they will do with building, but one idea is to put a restaurant there. But sentimental reasons superseded any business prospects. "We bought it because we wanted to preserve it," Melinda Quinn, who works in the accounting department at Westlake Regional Hospital in Columbia, said. "Our whole family went here," she said, "including Randy and our both our children."

A new collectible idea surfaced after the sale: You may not be able to find one now, but some are collecting the beautifully printed, full color auction brochures as keepsakes. Two hundred years from now, no telling what the handbills will be worth.


This story was posted on 2006-10-10 13:40:19
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Knifley Grade Center stays in loving hands



2006-10-10 - Knifley, Adair CO, KY - Photo by Linda Waggener. KNIFLEY GRADE CENTER WAS A BUSY PLACE SUNDAY after the sale as people came to check on their purchases, including new owners Randy and Melinda Quinn, whose interest is in preserving the school. The three Adair County Elementary Schools brought a total of $268,500 from auctions on September 30 and October 7, 2006. Shepherd Elementary on Burton Ridge brought $117,500 plus buyer's premium. Sparksville Elementary brought $76,000 plus buyer's premium and Knifley Grade Center brought $75,000 plus buyer's premium.
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