At a special meeting Monday evening held at , the Board of Education voted unanimously to make an offer to purchase .
According to the commercial purchase agreement, the district will offer $8.25 million for the property. The district hopes to use the site for a new school building in the future. The entire deal is contingent upon the district securing the needed revenue through an upcoming referendum.
Before the vote was taken, Superintendent Mary Bowen-Eggebraaten put forth the case for a new school building by citing . Currently, is already nearly 170 students above capacity. is only 45 students below capacity right now, and projected to reach capacity next year. The projections show additional significant growth for both schools over the next 10 years.
Financial Services Director Tim Erickson took his turn next laying out the case on .
Erickson also detailed the estimated tax impact to district residents. According to Erickson, the $8.25 million price tag translates to a $18-$20 per year tax impact on a home assessed at $200,000.
The board will decide at its November meeting whether to hold the referendum during the February primary election or the April general election.
According to Erickson, the district also explored purchasing property in the St. Croix Business Park and the site of Hermes Floral just off Highway 12. The district's number show that St. Croix Meadows offered the lowest price per acre of the three choices.