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Le Sueur-Henderson board authorizes superintendent to finalize amended Park Elementary sale agreement
Summary
At a Dec. 9 special meeting the Le Sueur-Henderson School Board voted 5-0 to authorize Superintendent Wagner to finalize terms of an amended sale for Park Elementary, after the buyer requested a closing extension to June 30, 2025; the board said it will prepare contingency plans if the sale does not complete.
Le Sueur-Henderson School Board members voted unanimously Dec. 9 to authorize Superintendent Wagner to continue finalizing an amended sale agreement for Park Elementary after the purchaser requested another extension of the closing date.
The vote came after the board returned from a closed session in which the finance committee negotiated with the buyer. "I move that we authorize superintendent Wagner to continue to finalize the agreement based on the details that were provided to us today by brandan construction and their partner rebound real estate," the Chair said before the 5-0 voice vote.
The board summarized the sale history for the public: the district entered into a purchase agreement for Park Elementary in April 2023 with the buyer; the original closing date was Nov. 1, 2024. In October 2024 the purchaser requested moving the close to Dec. 16, 2024, and about two weeks before the Dec. 9 meeting the purchaser again asked to extend the closing to June 30, 2025. The board said the later date would give the district's crew more time to finish projects on the site.
According to the board's summary, during negotiations the buyer agreed in principle to cover the district's operational costs through the proposed new closing date. The board said those details were still being finalized by Superintendent Wagner and a realtor, and that no binding agreement was reached in closed session (the board cannot finalize a sale in closed session). The board also said it will prepare contingency plans in case the sale does not complete in the coming months.
Board members did not specify the buyer's exact legal name consistently on the record; the board identified the purchaser variously in the discussion. The motion to authorize finalization passed by voice vote, 5-0.
Next steps, as described by the board, are for the superintendent and district finance staff or their realtor to finish the remaining agreement details with the purchaser, with the district aiming toward a possible June 30, 2025 closing while maintaining contingency plans if the sale falls through.
