A public hearing on the building's sale will be 5:30 p.m. Monday.

As work continues on its new police department, Burlington will offer up the old building at 424 N. 3rd St. for sale.

The price? One dollar.

In a public hearing at its upcoming Monday meeting, Burlington City Council will consider an agreement with Trinity Hospitality Group LLC, a business registered to Chad Boal. Boal, his wife Marti and Julie Lehman make up Trinity Hospitality Group. The group also owns Burlington's Quality Inn at 3051 Kirkwood St.

The Boals intend to buy the police building and the adjacent building at 412 N. 3rd St. The adjacent structure, locally called the Moose building, is owned by BMB Iowa LLC, a business registered to Brian Helling, a local lawyer.

The Moose is in substantially better shape than the police department and has greater capacity for renovations, the Boals have explained in past downtown development meetings.

They plan to destroy the police building, renovate the Moose and add on to the Moose where the police department once stood.

"We would love to purchase the police station for a really, really cheap amount so we can knock that thing down to build our dream hotel and make Burlington a better place to visit and welcome people into our town," Marti said at the council's latest work session.

They'll reinvent the block as a "boutique hotel," a 30 to 40 room hotel with less priority on cookie-cutter room design and more emphasis on developing a distinct sense of character.

"In a boutique hotel, you have a personal connection with your guests," Marti said. "You know everyone's name, you welcome them differently than you would at a regular chain hotel."

Burlington's official asking price on the building is $100,000. But in this agreement, the developers are essentially getting it for free, paying $1 as a formality.

There's a substantial catch, of course. The developers must invest $3 million in improvements to the two buildings — be it demolitions, construction or renovations — within two years, or else Burlington gets its building back. The contract stipulates that redevelopment must be "substantially completed" within two years of the buyer assuming possession.

The Burlington Police Department is allowed to occupy the building through Aug. 1 or 60 days after the city's new department is complete. The department plans to switch buildings in May.

It's going to cost a substantial amount to demolish the current police building. City staff count avoiding that cost as one of the biggest wins in the purchase. City Manager Jim Ferneau said the cost to knock it down would be well over the $100,000 asking price.

By giving away the building, the city also will count the savings as an in-kind donation of $99,999 to the project, making it eligible for a new Iowa grant program called the Community Catalyst Building Remediation grant. The program has $1 million in funding to distribute for city projects. Each Iowa city can get a maximum of $100,000.

City Planner Charlie Nichols said staff hope the new hotel will spur additional downtown growth, be it business for downtown restaurants, convention hosting or other opportunities.

A team of consultants analyzing how Burlington ought to make use of some downtown "brownfield" sites identified in their studies that Burlington could support a similarly sized downtown hotel to what is planned.

The finished hotel will likely host some commercial space inside, such as a restaurant.

Burlington City Council will hold its public hearing for the sale during its 5:30 p.m. Monday meeting at City Hall.

A previous version of this article transposed Marti and Lehman's names in two quotes. This story has been updated to correct the error.