City of La Crescent Agenda Packet 2026-05-26
City Approves $235,000 Purchase of 421 Walnut Place
Trusted by teams at
Description
La Crescent approved purchasing the property at 421 Walnut Place from Matthew A. Olson for $235,000, funded from general reserve. An amendment to the purchase agreement adds a $15,000 cleanup holdback, post-closing access for the seller, and protections for the City during the transition.
Contract Details
Contract Amount
$235,000 purchase price; $15,000 escrow holdback at closing
Vendor
OLSON, MATTHEW A.
Agency
City of La Crescent, MN
Contract Type
FACILITIES
Document Date
May 26, 2026
Renewal Info
One-time real estate purchase; amendment allows up to 120 days post-closing for seller's personal property removal and a potential 30-day extension of closing for governmental approvals.
More from City of La Crescent
City of La Crescent Agenda Packet 2026-05-26
City of La Crescent Agenda Regular Meeting 2026-05-26
City of La Crescent Agenda Regular Meeting 2026-05-26
City of La Crescent Agenda Packet 2026-05-26
City of La Crescent Agenda Packet 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.