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Prior Lake-Savage Area Schools board accepts offer for District Services Center, authorizes purchase-agreement negotiations
Summary
The Prior Lake-Savage Area Schools Board of Education voted unanimously Dec. 22 to accept a buyer's counteroffer for the District Services Center and authorized staff to negotiate a purchase agreement; terms include $2.65 million cash, $100,000 earnest money and a 90-day closing window.
The Prior Lake-Savage Area Schools Board of Education voted 6-0 on Monday to accept a buyer's counteroffer for the district services center and to authorize staff to negotiate a purchase agreement, officials said at a special meeting.
Dr. Thomas, presenting the offer, said the district initially listed the property at $2.75 million and that the buyer agreed to a counteroffer of $2.65 million in cash at closing. "The buyer has also agreed to increase the earnest money to $100,000,"…
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