Seven facts about the purchase of the Islanders Restaurant building by Sno-Isle Libraries
The former Islander’s Restaurant site was identified as the preferred site for a permanent library on Camano Island in 2012, after an extensive study of available locations. The cost estimate of purchasing and renovating the property into a 4,900-square-foot library was $2.3 million.
The Sno-Isle Libraries Board of Trustees made the decision to secure the property on May 20, 2013, due to concerns that foreclosure might complicate the property’s availability should voters approve the August 2013 Camano Island Library capital facility bond measure. This action reflected the desire to proceed quickly, if voters determined they wanted a permanent library.
The property purchase of $625,000 was made with emergency funding from the district’s Land Acquisition Reserve Fund. The library bond ballot measure failure on August 6, 2013 led to a Board of Trustees decision to hold onto the purchased property for up to two additional years pending a second ballot measure.
The current Camano Island Library is scheduled to close at the end of its lease in April.
The former restaurant facility is not configured to support library operations. Moving existing library service into the former Islander’s Restaurant building would require voter-approved Proposition 1 funding to enable renovation and reconfiguration of the building interior.
If voters approve Proposition 1, the $625,000 acquisition cost will be restored to the Library District’s Land Acquisition Reserve Fund, leaving $1.7 million of the $2.3 million library capital bond funds to cover other anticipated costs of the library project.
If Proposition 1 is not approved, the Land Acquisition Reserve Fund will be reimbursed through resale of the property.