An agreement between the City of Knox and Dean Wells has been reached on a building owned by Mr. Wells across from City Hall. Originally, Mr. Wells had offered the building and adjoining parking area to the City for $125,000. After securing two appraisals on the property, it was determined the City could offer no more than the average of the two which was $103,250. Mayor Rick Chambers announced that Mr. Wells would accept that price.
The Knox City Council voted 3-2 Tuesday night to purchase a building from Dean Wells, located at the north end of the city parking lot, across from City Hall. 12 hours later, the deal fell through. The Council had voted to purchase the building for $120,000 with $25,000 down and $20,000 due each year for 5 years.
It was discovered that the building needed two appraisals before the transaction could be completed so the deal fell through. The sale might be successful at a later time, but Mr. Wells informed the Council that he is going ahead with remodeling plans for the building, and that it probably would not be listed at that price again.
The City was going to use the building for storage, with a possibility of moving the Police Department there at a future date.
Voting for the purchase was Greg Matt, Jeff Berg Council President Ed Blue. Voting against were Council members Linda Berndt and Ron Parker.
