Mayor Duvall told the council that the FFO building will be listed for sealed bids, with a $500,000 reserve price and an appraisal reported at just over $800,000.
The mayor said the city has a month-to-month tenant currently using the property for storage; if the tenant submits the successful bid, the tenant may remain. The council will announce the sale and provide signage and website notices; if bids are unsatisfactory the council retains the right to reject bids and could later list the property with a broker.
Duvall also updated the council on youth programming: the Boys & Girls Club will open in remodeled facilities at a local church in the coming months, bringing regional and state partners into the city’s youth programming.
What’s next: The council expects to accept sealed bids and vote on any accepted bid when the sealed-bid period concludes, with an anticipated closing in February.