The Town of Chapel Hill has received a 1.4 million dollar offer from the State Employee’s Credit Union to buy the property on Weaver Dairy Road that currently houses Fire Station No. 4.

Town manager Roger Stancil said the station is one of three the town needs to consider replacing.

“This is the opportunity to replace an aging facility,” he said. “It would require us to relocate Fire Staton No. 4.”

The council did not authorize Stancil to move forward with the sale, but did authorize him to come up with a recommendation about how to handle a possible sale and the options for relocating the station.

“If people haven’t been in the fire station, don’t understand the condition we ask our public safety people to live in and work in,” councilman George Cianciolo said. “I think it’ll be an eye-opener.”

But the $1.4 million, which is the town’s estimated value of the property, will not be nearly enough to cover the cost of a new fire facility.

According to Stancil, the cost to relocate the station would be around $2.9 million, excluding the cost of any land leased or purchased.

Fire Station No. 4 is also home to training facilities, which is estimated to cost $7 million to relocate.

“You could decide once we come back that you want to rebuild a fire station on that site,” Stancil said. “What motivates us is that we need to replace this fire station. Is there a way to do that and save the taxpayers money?”

The town will continue to listen to offers for the property, as well as evaluate potential new locations for the station.

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