Enid town commissioners swiftly approved the sale of a town center bank building on Tuesday evening, ending the so-called ‘odyssey’ of the town’s recent property purchase and now-abandoned plans for the property.
The Great Plains Bank building at 402 W. Broadway was sold for $275,000 to Enid resident James Bryant at Enid’s town commission meeting on Tuesday.
Ward 1 Commissioner Jerry Allen offered to accept the sale, which the commissioners unanimously approved, 7–0.
Commissioners also voted unanimously to reject all offers to repair the roof, which would have been the building’s first major renovation after the city bought it a year and a half ago at a cut rate from the Great Plains Bank.
Including the $250,000 purchase, the city has since spent $384,359.39 on the property while receiving lease payments for a total of $142,666.05.
Tuesday’s sale, brokered by Nicholas Commercial, will net the city about $17,000.
“So that ends an odyssey,” Allen said, before telling Bryant, who was seated in the audience, “Nice building you have.”
Bryant, an attorney for Enid who also owns the historic Champlin Mansion, told the News & Eagle afterwards that he had no immediate plans for the building other than honoring current leases.
The Great Plains Bank continues to occupy the first floor, before construction is complete on its new building in the Cleveland and Garriott district. United Way of Northwest Oklahoma has offices on the southwest corner of the second floor, with a lease at the end of the fiscal year in June.
Bryant said the building, with its drive-thru window feature, would be a good location for a future bank branch.
He also said he was aware the 47-year-old building was being considered for the National Register of Historic Places.
“It’s a beautiful piece of modern architecture,” Bryant said.
Later Tuesday, city commissioners took no action after discussing in executive session for an hour and a half the unacquired properties of Kaw Lake and a possible lawsuit over the Enid Library’s recent policy change.