County government plans to buy old cooperative building | thebaynet.com | TheBayNet.com
Prince Frederick, MD – A recently vacated building that happens to be located in an area of downtown Prince Frederick and is subject to future growth may soon become the property of the County Government of Calvert.
At their meeting on Tuesday, June 23, Calvert County Commissioners voted unanimously to approve a budget adjustment for the purchase option, setting in motion the process of acquiring the former Prince Frederick office of the Southern Maryland Electric Cooperative (SMECO).
The building on Dares Beach Road is located in the Fairgrounds district of downtown. “The property consists of approximately 20 acres, enhanced by a 14,000 square foot office building and several ancillary structures,” Wilson Freeland, director of the general services department, said in a note to the commissioners.
The building was vacated by SMECO last year and put up for sale. Freeland said the site’s proximity to downtown Prince Frederick “makes it ideally suited for county government use.”
County officials have identified the building as a temporary location for a popular community center. Freeland added that the purchase price is $ 2.6 million, a figure that has been validated by “two recently acquired appraisals.”
The commissioners agreed to finance the purchase with bonds. A public hearing on the budget adjustment would be required and the Maryland General Assembly would need to approve the bond component.
“I think it will make a lot of people happy,” said Commissioner Tom Hejl [R – At Large].
“There is so much potential, it is something that could not be passed up,” said Commissioner Mike Hart [R – District 1], who predicted that “future boards will benefit” from the building’s acquisition.
The Calvert County government currently leases office space to many of its departments and divisions. Efforts by the local Circuit Court to have additional space in the Calvert County Courthouse and the lack of funds for the County Services Plaza expansion on Main Street make the acquisition appear to be fiscally prudent .
“It’s a purchase that makes sense,” said Commissioner Evan K. Slaughenhoupt Jr. [R – District 3]. “A great opportunity is there. You should take advantage. “
According to Freeland, “a non-refundable payment of $ 26,000 is required to secure our option to purchase, which will be credited against the purchase price of $ 2.6 million when final settlement is made on the property.”
The date for the mandatory public hearing on the fiscal adjustment has yet to be set.
Contact Marty Madden at [email protected]