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Swisher council votes to repurpose 2020 bonds to buy 122 Rose Avenue
Summary
Council voted to repurpose Series 2020A bonds to purchase 122 Rose Avenue, approving the legal steps to use the bond proceeds for acquisition; council clarified the repurposed funds would cover purchase only, not future improvements.
Council reviewed and voted to repurpose Series 2020A bonds to purchase the 122 Rose Avenue property, directing the city attorney to begin the repurposing steps. Council members who toured the building described it as a potential downtown city-hall/community-center option but noted the structure requires upgrades, ADA and fire-safety work and likely significant interior improvements.
Staff clarified that the bond repurposing would fund the purchase only and that any improvements or rehabilitation would require separate funding decisions and additional council approval. The motion to repurpose the bonds carried on a council vote. Councilors discussed contingencies, inspections and potential grant opportunities but left improvement funding as a later step.
