The project is part of the 2006 special purpose, local option sales tax package.
City Manager John Bennett said the option payment will be applied to the purchase price, which will be set by an appraisal, but this ties the property up so they cant do anything else with it.
The tract, owned by Larry Martin, houses Arks Liquor Store.
Bennett said the city will wait for Martin to build and move into a replacement store before demolishing the structure.
Well have about a six-month delay, but were saving money because we wont have to pay him to go out of business, Bennett said.
Also Monday, the board agreed to pay $110,000 for an .86-acre tract at 203 Cave Spring St.
The property adjoins a piece of city-owned land and is across from the South Rome Youth Center under construction on East Main Street.
Its a key corner, Commissioner Norman Skidmore said. I think its a smart move to control what goes in there, a sound investment for the community.
Officials have no firm plans for the property, Skidmore said, although he noted the tract crosses Silver Creek and could be incorporated into the citys trail system.
In other actions Monday, the Commission:
The new owner Brian Bowles said he plans a 1,600-foot expansion to house a full bar.
The money will come from the 2006 SPLOST, which contains $500,000 to build 10 courts in the city.
A funding source for the other 22 courts has not yet been identified.