Board authorizes dissolution of Dexter Town Center condominium association

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Summary

The board voted to authorize dissolution of the Dexter Town Center Condominium Association after the district became sole owner of two units; the action includes signing a termination of the master deed and steps to close the association's business entity.

The Dexter Community School District Board of Education voted unanimously to authorize the superintendent to sign documents terminating the master deed for the Dexter Town Center Condominium Association and adopted a resolution to dissolve the association.

Board members moved and seconded the authorization to sign the termination of the master deed after staff described the district’s recent acquisitions. Sharon Banks, who led the project presentation, said the district acquired the wellness center and senior center — two of three units in the condominium — and that a separate amendment made the pharmacy building a standalone condominium. "Once all 3 of those are recorded, we are the sole owners of Unit 1 and 2," Banks said, and the parcel will be treated the same as other district-owned sites.

Banks said the final phase is closing the association’s business entity at the state level; records, audits and tax returns from the prior owner must be reviewed as part of the closeout. She identified Steve Brower as the registered representative for the association’s prior ownership and said his cooperation is required to finish the paperwork.

The board then adopted a separate resolution approving termination of the association. Both motions passed on roll call votes with all members voting aye.

Board members described the multi-year effort as a major accomplishment for the district, noting it preserved a fitness center and added a new senior center and expanded district-owned land.