The Luverne City Council went into executive session Jan. 12 to set a price of $529,900 on the recently acquired property on the west edge of town.
Last fall the city purchased 10 acres of land from Lynn Lopau to develop for future housing.
The city paid $475,000 for the house, garage and two acres, and $186,500 for the rest of the eight acres, including two outbuildings.
The total purchase price…