Wells Fargo Bank

Watertown Mayor Sarah Caron made a surprising announcement at the cIty council meeting on Monday night.  The mayor announced that Wells Fargo Bank and the City have come to an agreement for the city to purchase the bank building at a cost of $1.3M. The mayor said city officials began looking at the building about a year ago after being approached by a former bank employee.…..

Over the last several years, the city of Watertown has explored the idea of building a new city hall.  Cost estimates were around $5M for a new building. That project was pushed back by Mayor Caron, who said the timing was not right to build. Now, with the future addition of a city manager, city hall “bursting at the seams” and structural issues with the current City Hall building, the mayor said it was time to move forward with the project. The plans are to make the existing Wells Fargo structure a City Hall building at a substantial cost savings.…..

Mayor Caron said the possession date for the city to close on the building will be around the end of February 2021.... 

A motion was made to allow the mayor to sign a letter of intent and sales agreement to purchase the property.  All of the council members voted in favor of the motion. Councilman Josh Weyh was absent.  The mayor said plans on what to do with the current city hall building will be discussed at a later date. 

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