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School board approves sale of district services building, authorizes signing
Summary
The Prior Lake‑Savage Area Schools Board voted 7‑0 to approve a purchase agreement to sell the district services building to a buyer identified as Roar for $2,650,000, authorizing the chair and clerk to sign and the superintendent to take steps necessary toward closing.
The Prior Lake‑Savage Area Schools Board of Education voted unanimously to approve a purchase agreement for the district services building and authorized district officials to complete the sale.
Attorney Zach Cronin, who negotiated the agreement on the district’s behalf, told the board the purchase price in the agreement matches the previously reviewed letter of intent: "$2,650,000.00," and that the buyer would have a 270‑day due‑diligence period followed by closing within 90 days of that period’s expiration. Cronin…
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