I. Prior to taking action to purchase any real property, the Superintendent shall obtain at least one appraisal by an appraiser approved pursuant to Section 253.025(8), F.S., for each purchase in an amount greater than $100,000 and not more than $500,000.

II. For each purchase in an amount in excess of $500,000, the Superintendent shall obtain at least two appraisals by appraisers approved pursuant to Section 253.025(8), F.S. If the proposed purchase price of the property exceeds the average appraised value, an affirmative extraordinary vote of at least four (4) members shall be required to approve the purchase.

III. Pursuant to law, all appraisals, offers, or counteroffers relating to proposed purchases of real property may be maintained in a confidential form until:

A. An option contract is executed; or,

B. Thirty (30) days prior to consideration for purchase or approval by the School Board.

IV. The School Board may use the services of a consultant with real estate expertise for the purposes of locating, evaluating, and assisting in negotiating the purchase of potential school sites.