Vale City Hall, built in 1938, will soon be empty after the city council approved a plan to buy the former Umpqua Bank building to replace it. (Enterprise/File)
VALE – The Vale City Council on Tuesday night approved a plan to buy the former Umpqua Bank building to replace city hall.
The bank building, at 150 Longfellow St. N., was assessed at $576,090 in 2018. The building is owned by Pioneer Bank of Roswell, New Mexico.
The city will borrow $450,000 from D.A. Davidson Companies, a Montana financial service holding company, to buy the building. The interest rate of the D.A. Davidson loan is 3.87 percent over 30 years.
The current city hall, at 252 B St. W, was built in 1938 and once housed the police department as well . . .