December 22, 2025 Special Meeting of the Board of Education
Sunday, December 21, 2025
Sale of the District Services Center (DSC) property
Acceptance of purchase offer and negotiation of purchase agreement
Areas of Interest (4)
- Prior Lake Savage Area Schools approved the $2.65 million cash sale of the District Services Center.
- School board accepted a 270-day due diligence window for the DSC buyer, raising questions about standard industry practices.
- Brokerage fees for the DSC sale were negotiated down from 3.5% to 3% per side for a total of 6%.
- Concerns raised over historical environmental liabilities like underground tanks during the due diligence period.
Votes (3)
Accept the agenda as presented
Moved by Director Mason · Seconded by Director Atinson
Accept the offer to sell the DSC and move forward with the purchase agreement process
Moved by Director Smith · Seconded by Director Atinson
Adjourn the meeting
Moved by Director Atinson · Seconded by Director Smith
Notable Quotes (2)
The potential buyer agreed to our counter, which is 2.65 cash at close.
It is very industry standard in the commercial sale area where it gives the potential buyer time to look at zoning requirements.
People (7)
BullanBoard ChairPresiding over the special board meeting.
Presiding over the special board meeting.
Dr. ThomasDistrict OfficialProvided details regarding the DSC property offer and due diligence terms.
Provided details regarding the DSC property offer and due diligence terms.
MasonDirectorParticipating board member.
Participating board member.
AtinsonDirectorParticipating board member.
Participating board member.
SmithDirectorParticipating board member.
Participating board member.
OlsteadDirectorParticipating remotely.
Participating remotely.
JohnsonDirectorParticipating remotely.
Participating remotely.
Places Mentioned
Events & Meetings (1)
- Monday, December 22nd, 8 a.m., Special Board Meeting