MITCHELL – The City of Mitchell held a special meeting Thursday afternoon to discuss the future use of the property at 901 Frank Street.
Currently, the former Dana Building is used by Regeneration Thrift store, the Mitchell Kiwanis Club, and Silverstream LLC as a storage facility.
The city was tasked with determining if selling the building would be better or if they should continue to lease to these groups, as more suitors have reached out to use the estimated 20,000 square feet that remain unused in the building.
The council decided to put a motion on the floor to declare the building an economic development project, where the funds from the leasing of the building will go directly to fixing any issues, from the roof to structural adjustments that will need to be made. The city will continue to look into a future sale of the building if necessary.
Mitchell City Attorney, Byron Steele, will create an appraisal for council members Perry Reynolds and Nathan Jenkins to sign after their research into a fair market value, to set a fair market price for any new potential leases.
After that document has been signed, the city will be able to listen to bids for lease in the remaining area of the building.
