Although a $225,000 offer to buy the Marengo-Union Library District’s former building on State Street was accepted earlier this month, the district board has received a reduced offer.
Officials voted during a special meeting Oct. 18 to accept an offer contingent on inspections.
Library Director Kevin Drinka said most of the board was pleased with the offer. He said he is not sure what the buyer, whose name he would not disclose, specifically has in mind for the space.
“It will be nice to have something open downtown that can liven it up down there,” Drinka said.
Since the meeting, library board president Jude Schmidt said the building has been inspected, and after some problems were discovered, the buyer will make a $75,000 counteroffer.
This offer will be discussed during a special board meeting at 7:30 p.m. Monday at the Marengo-Union Library, 19714 E. Grant Highway.
Schmidt said the district had been using the State Street building since 1990, but with only 10,000 square feet of space, 6,000 of which was used for the library, there was not a lot of opportunity for expansion.
Efforts to buy a more expensive neighboring building would have required a referendum, Schmidt said. Therefore, once the State Street building was paid off, Schmidt said, the board saved the money initially reserved for the mortgage to buy a new building without the need for a referendum.
The East Grant Highway building opened about four years ago and is about 30,000 square feet, 20,000 of which is used for the library. Schmidt said the board has let area sports teams use the former building for certain events.