(KNZA)--The Hiawatha City Commission has approved a contract for the purchase of property from Salem Grain, Incorporated.

The action came following an executive session Monday evening.

City Attorney Andy Delaney said the contract is for the purchase of  property located at 914 and 916 Miami Street.

Delaney said one the properties is owned by Salem, and the other, closest to the railroad tracks, is leased.  He said there will not be a purchase of that property but rather an assignment of the lease and purchase of the buildings on the property.

The city will purchase the property for $50,000. As part of the agreement, Delaney said Salem Grain will donate the money to the city for the purchase.  

The city will be responsible for the around $4,400 in closing costs.

The closing date is set for November 20.

It was not stated what the city's plans are for the property.