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.