The Princeton School District, in conjunction with the Cambridge-Isanti School District and the St. Francis School District, are preparing to divest their former Oak Land alternative learning center building in St. Francis.
The three districts used to operate a cooperative ALC center. The Cooperative was dissolved in 2016.
The St. Francis learning center has been appraised with a value of $649,000. The St. Francis School District is seeking to purchase the facility for the appraised value. In March, the St. Francis Board of Education authorized its superintendent to negotiate a purchase agreement with Princeton and Cambridge-Isanti. The Princeton school district would receive About 1/5 of the proceeds if the sale is approved by the school boards in each of the three communities, according to Superintendent Julia Espe. The proceeds are based on a formula based on student population in each of the districts and participation in the Oak Land programs, Espe said. Princeton’s participation was low, she said.
Any money received by the Princeton School District in the sale of the Oak Land building, or any other assets divested of, are required to go into an account with a use restricted to benefiting the school district’s ALC program, said Michelle Czech, director of business services for the Princeton School District.
The Oak Land facility is located at 2970 Butterfield Drive, in St. Francis.