The Louisville Municipal School District board approved two land-lease actions under agenda items 10.1 and 10.2: a tenant's five-acre residential lease will be reduced to one acre, with the district taking back the remaining four acres, and the board approved canceling Chris Bates' 1.2-acre lease for parcel 16 13 11.
A board member explained the first tenant "is struggling paying for 5 acres, so we're gonna reduce it to an acre," and noted the district "may pick up the remaining 4 acres and finalize that yet." Both items were presented together; a motion and second carried by voice vote with "Aye" recorded and no recorded opposition in the transcript excerpt.
The meeting record does not include lease contract numbers, the financial terms for the district to assume the acreage, or the timeline for finalizing the district's acquisition of the remaining four acres. The board approved both actions on the record under agenda items 10.1 and 10.2.