Frisco’s town council looks at buying First and Main property
Frisco’s town council may soon have a chance to snag a property they’ve had an eye on for years. The lot, located on the southeast corner of First and Main streets, could serve as an expansion to the Frisco Historic Park and Museum.
During the first reading of a lease-purchase agreement, town council approved an ordinance on Tuesday, April 14, with a second reading slated for next Tuesday. They would have 12 years to pay for the $1.2 million property, though Frisco town manager Bill Efting said he hopes the town would pay it off in five or six.
“The town council has had the purchase of this property as a goal for quite a few years,” Efting said.
The current owner, Ginger Sundin Yates, approached Frisco with the offer two years ago. She resumed discussions with the town again a few months ago, just before she lost her main tenant, The Barnyard pet store. Aside from a mountain mural on the side, the sturdy, cinderblock building isn’t much to look at, but Efting said the location of the property next to the museum made it a good investment.
“It was really good timing for us,” Efting said. “It gives the town many options for the future. If we want to expand our historic park, we can. If we want, we can use the building for museum exhibits, or put visitor information there.”
There are also two small, 350-square-foot apartments attached to the property, as well as High Country Custom Impressions, an engraving business on the west side of the building. Efting said he had no plans to ask the tenant to move in the near future, but might look at using the two apartments for town staff.
“I think the council knew what they were doing,” Efting said. “It just opens the door for many opportunities for the future.”
If the purchase is approved at the next town council meeting, Efting plans to put together a committee to come up with a master plan for the property in the next two to three months. The second reading will take place April 27 at 7 p.m., at the Frisco Town Hall on 1 Main St.
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