Charles City, Iowa – The historic North Grand Building will go from classrooms to living rooms.
Monday afternoon the Charles City School District announced the building will become rental apartments.
The 1932 structure will sell for one dollar to Shawn Foutch of Foutch Brothers LLC.
Superintendent Mike Fisher tells North Iowa News the district sought 12 contractors and narrowed the search to three before Foutch rose to the top.
Foutch’s company has renovated historic buildings for 13-14 years, with 12 restorations tailored towards schools, with half of those in Iowa.
The building’s face lift will turn the oldest part of the building into market-rate housing, meaning it’s not low income, but available to any income as long as its high enough where someone can afford to pay the rent.
There will be 35, 1-2 bedroom apartments.
The contractors will remove and replace the entire infrastructure.
The total cost of the renovation is budgeted at $5 million, with some of the funding coming from state and federal grants while the other would come from city tax abatement.
Fisher says the school district will keep the 1970’s portion because they’d run out of room and resources that are already being used like a gym and Iowa Big North.
The work won’t begin for two years. In the meantime, the district is allowing Floyd County to use it for relocating the three courts the courthouse uses.
Supervisor Linda Tjaden says the construction on the courthouse could potentially disrupt court proceedings. This is the best alternative space.
No timetable has been determined when the courts could make their move.