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Lease Agreement - Minnesota State as Tenant for Higher Education Purposes at 305 E Luverne Street.
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The Council discussed the City of Luverne lease agreement with the State of Minnesota, on behalf of Minnesota West Community and Technical College, for use of space in the former City hospital building at 305 E. Luverne Street. The lease term runs from June 1, 2026, through May 31, 2033, for approximately 16,837 square feet to be used for higher education purposes, with total rent not to exceed $459,099 over the term. The lease is structured as a gross lease, with the City responsible for building operations and maintenance, and the tenant reimbursing only for electrical usage. The lease is subject to statutory cancellation provisions and legislative funding availability.