Brunswick Development Corporation officials have finalized an agreement to sell two municipal buildings to a Wiscasset-based nonprofit.

During its special meeting Thursday morning, members of the BDC, a private nonprofit that frequently acts as the town’s banker and property broker, voted unanimously to approve a contract that would sell the current town office and adjacent Parks and Recreation building to Coastal Enterprises Inc. for $300,000.

The town’s share of the sale is $225,000, which already has been used to plug holes in the 2014 school and municipal operating budgets.

Town councilors approved the sale of 30 Federal St. to the BDC in May, for “not less than $200,000.” Selling to BDC yielded immediate revenue for the budget. It also placed both buildings under one ownership umbrella to simplify negotiations with a potential buyer.

Brunswick Development Corporation already had been the de facto owner of 28 Federal St. since the town agreed in 2012 to trade the existing building for a lot at Stanwood and Pleasant streets, where the new police station is nearing completion.

Coastal Enterprises Inc. — a private, nonprofit company that invests in startup businesses — has been in negotiations with town officials since April, when it first approached the town with an offer to buy both properties.

Brunswick was unprepared to sell at the time because of logistical concerns related to relocating municipal operations and those of the recreation department. The town had not yet taken possession of its new parks and recreation headquarters at Brunswick Landing.

Additionally, administrators and town councilors were taking criticism for the yet-to-be-determined expense of refitting the town’s eventual new municipal office space at the McLellan Building on Union Street.

However, negotiations between the BDC and CEI were kept open and, after the U.S. Navy officially relinquished possession of Building

211 at 220 Neptune Drive in July, components of the sale fell into place.

The target date for turnover of the buildings to CEI is April 1, 2014, according to BDC Chairwoman Larissa Darcy.

Tom Farrell, Parks and Recreation’s director, is supervising the move to Neptune Street.

His staffers and their helpers have been ferrying trucks and trailers full of boxes and furnishings to the new building.

Electrical and fire suppression systems contractors currently are performing upgrades of all emergency systems.

The pre-school programs will start Sept. 6, Farrell said. Two classrooms already are full and a waiting list started.

Gymnasium activities in the Neptune building are scheduled to begin in early November.

jtleonard@timesrecord.com