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Council authorizes town staff to finalize purchase agreement for bank building
Summary
After executive session, council authorized town staff to approve and sign a purchase agreement for the local bank building from E L L C, voting in favor on the motion to proceed.
Following a closed executive session on real property, personnel and legal matters, the council voted to authorize town staff to finalize and sign an agreement to purchase the bank building from E L L C.
A council member moved to authorize Terry to approve the purchase agreement and to execute related documents; the motion was seconded and carried on recorded votes. The council certified the closed-session topics and deferred an MOU discussion to a later meeting.
The authorization directs the town manager/authorized staff to complete the transaction and sign documents on behalf of the town. Council did not disclose purchase price or additional contract terms on the public record at this meeting.
