CERTIFIED COPY OF BOARD OF DIRECTORS RESOLUTION WHEREBY AN AGREEMENT IS AUTHORIZED BY THE GLOBE ACADEMY, INC. TO ACQUIRE CERTAIN PROPERTY LOCATED AT 4105 BRIARCLIFF ROAD, ATLANTA, GEORGIA, AND TO OBTAIN A LOAN FROM CHARTER BANKBoard of Directors Resolution • July 8th, 2018
Contract Type FiledJuly 8th, 2018WHEREAS, The Globe Academy, Inc., a Georgia nonprofit corporation (the “Corporation”), as purchaser, and The Trustees of the North Georgia Conference of the United Methodist Church, Inc., a Georgia nonprofit corporation, as seller, have entered into that certain Commercial Sales Agreement dated April 24, 2018 (as amended, the “Contract”) for the purchase and sale of real property located at 4105 Briarcliff Road NE, Atlanta, Georgia, as further described in the Contract (the “Property”), for a purchase price of Three Million Five Hundred Thousand and 00/100 Dollars ($3,500,000.00); and