The sixth floor has been occupied for years by ODW Logistics.
“It looks like we should net $4.15 million,” accounting for improvements the city has to make to the building to accommodate the moves of city offices to other areas, Smith said.
“We’re going to utilize more space on floor 1 in a more productive fashion,” Smith said. “And we still have room to grow, because we still have some building that hasn’t been built out since it was opened.”
The council voted unanimously in February to sell the tower.
“We had a space planner come in from an architectural firm, and we were highly inefficient in terms of how we were utilizing our space,” Smith said. “So we can have, according to them, roughly 130-140 office workers per floor in this building, and we’re averaging around 30.”
The city also plans to maximize its use of the building’s first floor. One way it will do that is to offer more services on that level. Another way is to remove the fixed seats in City Council Chambers on that floor so the room can be used in more ways, with tables and chairs that can be re-arranged for various meetings.
The borrowing for the city tower likely will allow repayment through 2049, but members of council pushed for the option of paying it off much faster than that, as soon as 5-7 years from now.