Aldermen have agreed to issue $200,000 in bonds by the middle of next month to buy the former First Bank and Trust Building on Summitt Street.
The board voted in October to issue general obligation bonds in the amount of $231,000 to purchase the building.
For months, the city negotiated with the building owner to purchase the former bank building. The original asking price was $325,000, but the owners agreed to make a $100,000 donation to the city to bring the price down to $225,000.
City leaders say renovations to the 5,200-square-foot building should be completed by next spring so the facility can become the new city hall.
THE city will keep the drive-through window for water bill and tax payments as a convenience to the public.