Edgartown selectmen will consider two bids for the Captain Warren House, a deteriorating historic building on North Water Street once intended to be part of a library expansion project.
At their Monday meeting, selectmen opened three bids. Wayne Grigul and Janet Hiebert submitted the minimum bid of $2.5 million. Jeffrey Wolk also submitted a $2.5 million bid. The third bid, from Matt Dyoff, was for $1.5 million and does not meet the minimum set at $2.35 million, as outlined in the request for proposals issued by the town. Sale of the historic house is governed by state law regulating the disposal of surplus property.
Selectmen said they will meet with town counsel to review the competing bids, before making a decision.
The town purchased the historic structure at 62 North Water Street for $3.5 million. The purchase was submitted by petition to a 2004 special town meeting and overwhelmingly approved by voters, as part of a plan to expand the Edgartown Library, which abuts the Warren House property.
Within a year, it was apparent that the structural condition of the building was not suited for a library, and the building remains vacant and deteriorating. The library expansion on that site was eventually scrapped, and the town is now building a new library at the site of the old Edgartown School.