Special County Board Meeting

The Washington County Board held a special meeting on July 22, 2026, primarily to discuss and approve a land contract sale of the former UWM Washington County building to Ozaki Christian School (now Faith Ridge). The land contract structure was chosen to allow the school immediate possession to prepare for the fall semester while they finalize permanent financing. Key terms include a $300,000 down payment, $2.7 million financed at an initial interest rate of approximately 4.08%, amortized over 20 years with a balloon payment due in five years. The county retains title as security until full payment is made. The board discussed risks related to financing delays and potential default but noted the benefits of the arrangement, including interest payments and property improvements by the school. A resolution acknowledging and accepting the land contract was unanimously approved, with friendly amendments clarifying lease termination details. The board also mentioned ongoing negotiations for the sale of remaining acreage to the Cedar Lake Conservation Foundation.