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Henderson to buy former FirstBank branch at 132 N. Washington Ave. for $190,000
Summary
The Henderson Board approved purchase of the former FirstBank North branch at an appraised value of $190,000 after FirstBank reduced use restrictions from 20 years to five and clarified excluded businesses, the recorder told the board.
The Board of Mayor and Aldermen of the City of Henderson voted to purchase the former FirstBank North branch at 132 N. Washington Ave. for the appraised price of $190,000.
City Recorder Jim E. Garland told the board that he and Mayor Robert W. (Bobby) King met with FirstBank representatives Drew Yates and Amanda Gregory, who agreed to reduce previously proposed restrictions on use from 20 years to five and to better define excluded businesses. "FirstBank amended the proposal to change the restriction period from 20 years to 5 years and they better defined the excluded businesses," Garland said. Alderman Keith Smith moved to accept the revised purchase agreement and Alderman Michael Phelps seconded; the motion carried.
The board did not record a roll-call tally for the motion. Recorder Garland did not specify planned future uses for the property at the meeting. The approval authorizes the city to proceed with acquisition at the stated appraised value; any subsequent plans or development requirements would be addressed in later proceedings.
