BofA to Donate Downtown Building to Lakeport

The Lakeport City Council will consider a resolution accepting a major donation during their meeting tomrorow. When the Bank of America announced they were closing their local branch, city staff asked the bank if they would donate the building on North Main Street to Lakeport for a community center. The city has recieved confirmation of the donation with a lease agreement that allows the bank to continue operating its ATM at the current location. The property’s appraised value is $440,000.