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Council approves purchase of 350 Celestial Way for building department using reserve funds
Summary
Council authorized a resolution to buy 350 Celestial Way (appraised at $2.5M) using building department reserve funds, noting repair estimates and lease continuity for current tenants; the purchase was approved 4–0 after staff described appraisal, environmental and condition reports.
Staff presented background on locating a permanent building department facility and described the selected mixed‑use property at 350 Celestial Way, summarizing the appraisal ($2.5M), Phase I environmental report and property condition assessment. Staff said renovation estimates are preliminary (about $500,000), recurring insurance/utilities/janitorial estimated at roughly $69,000 annually and that building‑department revenue would cover both purchase and recurring costs rather than ad valorem tax revenue.
Members of the public raised procedural and notice questions; the town attorney explained that the action was a resolution (not an ordinance), agendas had been properly noticed and that recent state changes required timely use of building‑department funds for allowable purposes. Property owner Greg Dennis described the building's local and historic significance and said the family chose the sale in part to preserve its history. After discussion council voted 4–0 to authorize purchase, authorize the town manager to execute documents subject to legal sufficiency review, and to proceed with standard closing steps.
