WORTHINGTON — The Worthington City Council on Monday approved a purchase agreement for the acquisition of the former Wells Fargo building at 1010 Second Ave., Worthington.
According to the agreement, the purchase price is $800,000, with earnest money set at $40,000 (5%). The city has until Dec. 4 to complete an inspection and due diligence, with a closing date no later than Dec. 11.
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The agreement also details a deed restriction that the property shall not be used as a “financial services business” for five years, the city has exclusive dealings throughout the inspection period, and the building and property will be sold in “as is” condition.
Having already been reviewed and approved by the city attorney, the council approved the agreement with no discussion.
In other action, the council:
- Swore in Nate Grimmius as the new Police Chief and Director of Public Safety.
- Approved an application from the Worthington Hockey Association to conduct off-site gambling in the form of raffles throughout various dates in December, January and March.
- Approved an agreement with Ehlers Public Finance Advisors regarding the preparation of a 10-year, long-term financial management p...