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Floyd County moves to buy Health Department building; initial renovation estimate $300,000
Summary
County leaders said Jan. 17 they signed a letter of intent to buy a Health Department building for $2.2 million and plan to use roughly $1.1 million set aside from CARES Act money toward the move; final renovation costs will be determined after closing.
Floyd County commissioners and council members agreed Jan. 17 to proceed toward purchase of a Health Department building, with a letter of intent already signed and a reported purchase price of $2.2 million. Commissioner Al Knable said the county will finalize renovation costs after closing and additional inspections.
Danny Sharp (recorded elsewhere in the minutes as Danny Short) told the joint meeting that renovation work is expected to focus on the first floor and was estimated at about $300,000, described in the minutes as 98% of first-floor work. Knable said he will sign an agreement with Crowe to explore financing options and that the council had set aside approximately $1.1 million in CARES Act funds in a Rainy Day Fund to help pay for the Health Department move. The meeting record notes the county will obtain more detailed cost information from evaluators after closing.
The county provided no specific timeline for closing, detailed renovation scope, or operating cost changes after the move. The joint body did not vote on a final purchase at the Jan. 17 meeting; the discussion centered on financing steps and preparing for post-closing cost estimates.
