Sibley County Board of Commissioners Agenda Packet 2026-06-09
Elevator Upgrade Cost Split for Sibley Estates Sale
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Description
Sibley County and Premier Real Estate Management, LLC executed a Third Amendment to their sale agreement, splitting $433,570.50 in elevator repairs at Sibley Estates, with the County covering two-thirds of the cost.
Contract Details
Contract Amount
Seller (County) share: $289,047, Buyer share: $144,523.50, Escrow total: $433,570.50 (represents 150% of estimated repair costs)
Vendor
PREMIER REAL ESTATE MANAGEMENT LLC
Agency
Sibley County, MN
Contract Type
OTHER
Document Date
June 9, 2026
Renewal Info
Third amendment to 2025 purchase agreement, specifies one-time escrow for identified repairs; ongoing obligations per closing.
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