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City staff recommends pursuing purchase of Station Hill office building to save roughly $15 million
Summary
Staff presented a proposal to exercise a prearranged lease purchase on the Station Hill office building (purchase price cited just over $6 million) that could avoid constructing a $21.5 million replacement facility; the board directed staff to return a resolution and accepted an owner extension to Feb. 15, 2026 to complete evaluations.
City administration presented a recommendation to pursue the negotiated purchase option for the Station Hill office building at a prearranged price of just over $6,000,000, arguing that acquiring the existing facility could avoid an estimated $21,000,000–$21,500,000 reconstruction and free up bonding capacity for other priorities.
Mr. Napier said the current lease contained an option to buy and that the owners proposed extending the purchase deadline to Feb. 15, 2026; he said he intends to sign that…
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