By Ryan Gueningsman
DELANO, MN An offer was received in June to purchase the city/EDA-owned property located in Delano at 203 Bridge Avenue, commonly known as the Rivertown Commercial Building.
The building houses the Juke Box, Fran Stein’s Barber Shop, and Alex Roeser’s American Family Insurance Agency.
Since the offer was received, the city council has been working with the potential buyer regarding a possible sale of the building, according to Delano City Administrator Phil Kern.
At Tuesday’s city council meeting, during a closed session, the council reviewed a revised offer and directed city staff to continue negotiating terms, according to Kern.
A purchase agreement will be presented to the potential buyer based on terms directed by the council, Kern said. If the interested buyer accepts the terms, the document will come back for final approval from the city council.
It was noted the city has contractual obligations, including a provision in the current lease with Roeser, to grant him first right of refusal of any potential sale.
Kern said the city would need to further explore that before any possible agreement could be finalized.
As negotiations are still underway, Kern declined to disclose terms at this time.
Minnesota’s Open Meeting Law allows for a meeting to be closed to the public to discuss certain issues relating to government property sales or purchases, including to determine the asking price for real or personal property to be sold by a government entity, and to develop or consider offers or counteroffers for the purchase or sale of real or personal property.