The Chelsea City Council set a deadline for bids to purchase the city’s old police station building at its meeting Tuesday night, Chelsea Update reported.

The city has received two bids to purchase the old police station, both of which are at least $30,000 below the building’s appraised value of $108,000. The council voted 4-2 to stop accepting new bids after 10 a.m. on Sept. 20.

The majority of council members thought that 14 months was long enough for the building to remain on the market, Chelsea Update reported. City Manager John Hanifan reminded council members that the city took a year and a half to sell the Buchanan building and that the Longworth building is still for sale for $1 with a $1 million investment promise.

• Read the full story from the Chelsea update.

Ben Freed covers business for The Ann Arbor News. Email him at benfreed@mlive.com and follow him on twitter at @BFreedinA2