Per Jeff Nutting at the FINCOM meeting Tuesday evening, the Town Council will be considering a proposal to sell the Four Corners Building to WalGreen for an estimated $2.5 million.
The agenda item is for discussion only. If it does gain interest, it would comeback for a formal vote at the Town Council.
- The money after paying off the approx. $1.1M debt can only be used for a similar type capital asset.
- It can not be used for operational expenses.
- It could be used for paying down other building debt.
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