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City to pursue Cadence deal - Aldermen, mayor push through resolution on old school bonds

July 16, 2014

During a lengthy board meeting Tuesday evening where Starkville aldermen failed to reach a consensus on some issues, they did manage to unanimously approve a letter of intent to further its negotiations with Cadence Bank to purchase its main branch downtown for use as Starkville Police Department headquarters.

City Chief Administrative Officer Taylor Adams told the board in its meeting at City Hall that Cadence was asking $2.55 million for the 39,000 square-foot building at the intersection of Main and Jackson streets, as well as for the opportunity to keep a drive-thru at that location. If the city does ultimately purchase the bank facility, Cadence plans to build a new building on Russell Street.

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