Without discussion, the council approved a resolution approving the disposition of the sprawling building on the west side of the property that was once Crossroads Mall. Councilman Dave Flattery was absent from the otherwise unanimous vote.

A final agreement, which will include details of the payment plan needed to retire the debt the city incurred to buy the building, will come before the council on April 14.

The buyer, M and M LLC, of Ankeny, will pay $10,000 up front in earnest money, plus $490,000 in cash when the sale closes, according to documents presented to the council Monday.

The remaining money will be paid to the city over the length of the contract, which will come before the council on April 14.

As part of that agreement, the city will provide $2 million for purchasing furnishings and fixtures for the site, according to documents provided to the council.

M and M LLC started the project, but then struggled to get private financing for it. Operating under the belief that the pavilion would be a key driver of people to Corridor Plaza, the City Council stepped in and bought the building from Three and One LLC, of Fort Dodge, with plans to lease it to M and M. Lease payments from the company would be used to pay off the $9.5 million debt the city took on to buy the property.

According to the proposal submitted to the council on Monday by M and M LLC, the site will be called The Pavilion. It will include a five-court basketball/volleyball arena, three pickleball courts, a restaurant, and three retail spaces.

The company said The Pavilion will be the site of basketball, volleyball, wrestling, pickleball, craft shows, corporate events, concerts and adult combat sports.