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County tried to negotiate for better deal on capital purchase

Apr 11, 2021 Shown is the Financial Services Center on 111 N. Peters Ave. The Cleveland County commissioners are preparing to buy two floors of the building for unspecified reasons. Kyle Phillips / The Transcript The price of two floors in an office building near the county courthouse shot up by $500,000 weeks before Cleveland County commissioners could buy it, The Transcript learned this week. A purchase agreement for the third and fifth floors of the Financial Center building at 111 N. Peters Ave. was approved by commissioners 2-1 in March, with District 1 Rod Cleveland voting against it. While an appraisal done in 2018 by Jim Artman valued the floors at $1.6 million, the commission will pay the list price of $1.8 million if it executes closing documents following an inspection period, The Transcript reported. Both floors total more than 12,000 of the total building’s 42,000 square feet.

County tried to negotiate for better deal on capital purchase

County tried to negotiate for better deal on capital purchase
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