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Council discusses possible sale of Federal Building, industrial park; cites covenants, survey work and wider marketing
Summary
Councilors discussed plans to market Hannibal's Federal Building and to survey and carve parcels of the industrial park before any sale; city staff said covenants tied to the Federal Building and historic-status requirements will affect potential buyers.
Hannibal — City officials discussed opening the Federal Building and the industrial park to broader marketing and possible sale during the Jan. 7 City Council meeting, emphasizing covenants, historic restrictions and the need for additional surveying before any disposition.
"I wanted to bring this forward in an open meeting, to be transparent," Mayor Lotterman said as he described the city's intent to solicit interest in both properties. He said the city has entertained inquiries but has not yet taken a formal vote…
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