A.Conduct a closed session pursuant to Minn. Stat. § 13D.05, subd. 3(c)(3) to develop or consider offers or counteroffers for the purchase or sale of real or personal property located in the SE ¼ of the SW ¼ of Section 12, Township 106 North, Range 46 West described as commencing at a point 476.5 feet West of the NW corner of Block 11 in Nichols Addition to the City of Pipestone, Pipestone County, Minnesota (PID 18.112.0090).