CAMANCHE — City Administrator Tom Roth has received the approval of the Camanche City Council to move forward on an offer to purchase the former Camanche Pharmacy for the new city hall location.
At a meeting on Tuesday, the City Council talked about many issues surrounding the purchase, but ultimately made a unanimous decision to approve the purchase agreement.
“I think that’s a wise choice at this point. I think it gives us a good opportunity,” City Attorney Tom Lonergan said. “Hopefully that will be a successful bid.”
Lonergan has been a strong supporter of the city’s decision to purchase the pharmacy property, and he felt it played well in the city’s favor to make the offer now, before it loses the opportunity. He also added that the property itself is an ideal location and the price will not stay low forever.
Roth has been negotiating the deal with property owner Bob Richeson since being approved by the council at an Oct. 1 meeting. The asking price for the property had been set at $180,000 by Richeson, but after Roth made an offer for $170,000, the two came to an agreement for $5,000 less than asking price at $175,000 for the property’s four lots.
“I met with Bob shortly after our last council meeting to see if we could negotiate it a little bit and I asked him if he would consider $170,000 for his property,” Roth said. “He said he put a lot of thought into it and thought it was worth what he’s asking but that he wants it sold so he would accept $175,000.”
Concerns still troubled the council on Tuesday though, the main concern being where the funding would come from. Once again, Roth highlighted the city’s reserve fund, which has enough money to cover the property purchase and any renovations that will be required to make the building suitable for city hall.