central_valley_school_district_regular_board_meeti.pdf
Board Authorizes Property Sale Talks With Modern Electric
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Description
Central Valley School District authorized negotiations with Modern Electric Water Company to sell the former Keystone Elementary property at 612 S. McDonald Rd. for at least $1,575,000.00. The final purchase price may be reduced in exchange for a long-term lease allowing the district to continue operating its Student and Family Engagement Center at the site.
Contract Details
Contract Amount
$1,575,000.00 (minimum selling price, subject to reduction)
Vendor
MODERN ELECTRIC WATER COMPANY
Agency
Central Valley Public School District 3, ND
Contract Type
OTHER
Document Date
October 27, 2025
Contract Term
Long-term lease term to be negotiated in connection with sale
Renewal Info
Letter of Interest contemplates a purchase and sale agreement with possible price reduction tied to a long-term lease back to the district; specific lease duration will be determined during negotiations.
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