Downtown deposit: Council approves $1.1M purchase of bank buildings

  • The Lake City Council agreed to begin negotiations for the purchase of two downtown Millennium Bank properties, which includes one building that is move-in ready. (COURTESY)
    The Lake City Council agreed to begin negotiations for the purchase of two downtown Millennium Bank properties, which includes one building that is move-in ready. (COURTESY)
  • The historical Millennium Bank property at 129 Northwest Hillsboro Street would require renovations before it could be utilized by the city. (COURTESY)
    The historical Millennium Bank property at 129 Northwest Hillsboro Street would require renovations before it could be utilized by the city. (COURTESY)

    City officials took their first step towards addressing a new city hall building, agreeing to begin contract negotiations to purchase two Millennium Bank buildings for $1.1 million.

    But the Lake City C…