The city of Fairway has taken the first steps to secure a new long-term home for its city hall.
The city announced late last week that its council had entered into an agreement to purchase 5240 Belinder Road, the building that sits adjacent to its police department and which housed the store Churchill for several years before it closed its doors in 2014.
Fairway has for several years been eyeing options for the location of its administrative offices and council chambers. Its current lease for space in the Fairway Office Park is set to expire at the end of 2017. The council had considered a variety of choices for its future needs, from signing a new lease in its current space to building a new facility to purchasing existing property and repurposing it.
A release from the city indicated that the council determined the purchase of the Churchill building made the most sense based on cost and “long-term viability.”
Fairway will issue general obligation bonds to pay for the building and renovations.
“The City’s current budgeted annual lease payments will be repatriated for this acquisition and will be augmented by a portion of Fairway’s share of revenue generated from the public safety sales tax approved by Johnson County voters last November,” reads the city’s announcement. “Financially, this course of action has a net-zero impact to the annual budget that will add City Hall to the Balance Sheet as an asset rather than a recurring liability.”
The purchase has not been finalized, and the city did not include the anticipated purchase price in the information it released on the move.