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Another offer is accepted on four-plex apartment complex PDF Print E-mail

Prime, Inc. president says

housing efforts will continue

By Jan Schultz
The Imperial Republican

Officers with Prime, Inc., learned late last week that another offer was accepted for purchase of a four-plex apartment complex they had hoped to move to Imperial.
Steve Smith, president of the local corporation, said someone else made an offer on the four-plex in Stratton and it was accepted by the McCook bank which had acquired the property through bankruptcy.
“That’s what we were told,” Smith said.
Smith said Prime’s purchase contract was not yet in place, and someone else stepped in. The four-plex had been on the market two years and was in very good condition, he said.
Smith said there is a desperate need for housing in Imper­ial, and added the group will continue its efforts toward more rental housing here.
“We haven’t given up on it,” he said.
Prime, Inc., had recently acquired a low-interest loan using Imperial’s LB840 sales tax monies to help in the purchase. And, just last week, at Prime’s request and recommendation from the Citizens Advisory Committee, the council directed its city attorney to draw up a purchase agreement on a lot in the city’s Cornerstone property, where they had hoped to move it.