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City to consider sale of two lots to Wright's Furniture for new retail facility
Summary
Council discussed draft agreement to sell two city lots at Willow and Fayette (combined appraised value $190,000) to Wright's Furniture for construction of a about 9,750 sq ft 'Right at Home' store; council will revisit the draft agreement at the next meeting.
Council members discussed a proposed sale of two city-owned lots at the corner of Willow and Fayette to Wright's Furniture for a new retail facility.
Director Hall told the council the corner lot is about 0.65 acres and the rear lot 0.63 acres (1.28 acres total) with a combined appraised value of $190,000. John Wright, president of Wright's Furniture, attended and said a local builder is finalizing numbers and could start construction immediately after purchase; he estimated a steel building could be erected in "3 and a half to 4 months." Director Hall said staff is finishing a draft agreement and would supply it to Wright's for review, with the intention of bringing the matter back at the next meeting for discussion and approval.
Why it matters: the development would add a new retail presence at a prominent corner and is framed as an economic development win for the city, but the sale and purchase agreement must be finalized and returned to council for formal approval.
Next steps: staff to deliver the draft agreement to Wright's and return the item for formal council action at the next meeting.
