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    Saturday, May 18, 2024

    St. Bernard School auction now set for June 2

    Montville ― An auction to sell St. Bernard School has now been slated for June 2.

    The date was set on Friday after attorneys representing the Diocese of Norwich and the Official Committee of Unsecured Creditors met with Judge James Tancredi for a status conference on the sales procedure.

    The committee represents creditors including more than 140 people who says they were sexually assaulted by diocesan priests and staff.

    The Roman Catholic Diocese of Norwich announced in January its plan to sell St. Bernard School and the 113 acres of land it sits on to help fund its proposed bankruptcy plan.

    Initially filed on April 5, the now agreed upon sale agreement allows qualified bidders to submit offers of no less than $6.5 million by May 26 for the 67-year-old Catholic school at 1593 Norwich-New London Turnpike in the Uncasville section of town.

    The school serves 400 students from across the region in grades six through 12. The property has been appraised by the Town of Montville at $21 million.

    The winning bidder would enter into a 10-year lease with the school to allow it to stay open. The school would pay $1 a year, per the agreement. The lease has the potential to be automatically extended for another 10-year period.

    There are two known potential buyers for the property: Saints Country, LLC and Thames River Acquisitions, LLC.

    k.arnold@theday.com

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