Denison's city hall 'banks' on buyDenison's city hall 'banks' on buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=127912016-04-11T05:00:00Z2016-04-11T18:45:00Z

​DENISON - City Council members agreed to pay $400,000 to buy a former bank building on Main St. to convert into a new city hall facility.

Current plans are to renovate the 30,000-sf bank building as the central office for all city departments.

The current agreement calls for the city to purchase only the bank building, pay for demolition of the motor bank, and sell the existing city hall building, with a net cost to the City of about $300,000, said City Manager Jud Rex.

Renovating the building to meet the needs of the city could cost as much as $3.4 million if the city is required to replace components such as the HVAC system or the roof, Rex said.

Council is expected to sign the final contract following a 45-day period during which the city can still withdraw from the contract, Rex said.​

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