October 9, 2003

Owner Offers To Donate Former ĎDollar Generalí Building To City

The City of Memphis may be getting into the real estate business. Alderman Mike Stone presented a proposal from property owner Joan Mankopf to donate the former Dollar General store building located on the south side of the Memphis square to the city during the October 2 council meeting.

Mankopf indicated in a letter from her attorney that the building would require an appraisal prior to the completion of the transaction. The donation would provide the city a number of options while providing the former owner with a tax deduction for the gift.

Stone presented the council with keys to the building and the group was in agreement a tour of the site would be necessary before any decisions could be made. They did however note than an expensive new roofing system had been installed on the building recently.

The council also pointed out a number of other considerations prior to accepting the gift. An agreement would have to be reached on who would pay for the appraisal. The council would also have to know of any limitations to be placed on the site by the proposed contract.

ďRight now it looks like a win-win situation for the city,Ē stated Alderman Ronnie Gardner. ďWe truly appreciate the offer we just need to do a few things first before we accept the gift.Ē

Initial ideas for uses for the building included as a tool for economic development. The site could be rented or leased to a business to help rejuvenate the city square.

Earlier in the meeting the council had discussed some needed renovations for city hall and had discussed the buildings deteriorating condition. One alderman pointed out the site could be used to house city hall at some future date if necessary.

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