The two have reportedly reached an agreement wherein the librarywill pay $1.2 million for the property. The purchase is contingenton Wells Fargo confirming arrangements for another site in the samearea to relocate its banking branch. The library's board willconsider the purchase on Sept. 26.

If the deal is approved, the Seattle Public Library willdemolish the structure and build a new library at 2821 Beacon Ave.S. The current library on Beacon Hill is in a converted,3,200-square-foot retail store.

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