Commissioners approve sale of county-owned 'McKids' building at 1106 Hospital Drive with staggered payments
Summary
The board approved selling the county-owned McKids building at 1106 Hospital Drive to the McPherson County Special Co-op for $300,000 with $150,000 due at closing and $155,000 due July 2026 under a contract to be signed within 30 days and closing within 90 days after contract execution.
McPherson County commissioners voted July 21 to sell a county-owned building at 1106 Hospital Drive (referred to in meeting materials as the McKids Building) to the McPherson County Special Co-op for $300,000 under a staggered-payment plan.
County staff reviewed prior negotiations with the prospective buyer, which initially proposed paying $100,000 per year for three years. Staff recommended instead a $150,000 payment at closing, with the remainder due in one year and an additional $5,000 to cover interest earnings — producing $155,000 in the second installment. Staff proposed a contract-signing window of 30 days and a closing within 90 days after contract execution.
A commissioner moved the motion and another seconded. The board approved the motion by voice vote. After the vote, a commissioner confirmed the terms: a signed contract within 30 days, a $150,000 payment at closing and a $155,000 payment due in July 2026. "150,000 or $5,000 in the most interest earnings. So it'd be a 155 in a year," a staff member summarized during the discussion.
Ending: The board authorized staff to proceed with the sale under the approved terms; county staff said they would prepare the contract paperwork for execution and closing following the 30-day contract period.
