Norwich — City officials met for the third time with the prospective developer of the Reid & Hughes building on Wednesday and received detailed information on the group's proposal to stabilize the building to allow time to seek funding for its $6 million renovation project.

City Manager John Salomone said the city received the information requested from the Women's Institute for Housing and Economic Development. City officials next will review the information and present it to the City Council to determine whether the council will want to reverse its decision to tear down the building, Salomone said.

The council voted in October to bond up to $800,000 to demolish the historical former retail store at 193-201 Main St. The demolition bids are due by 2 p.m. Feb. 28. Nine demolition contractors and four environmental abatement contractors attended a pre-bid conference on Tuesday morning, city Purchasing Agent William Hathaway said.

The Institute for Housing and Economic Development has proposed renovating the building into 20 apartments, including some reserved for veterans, and retail space. The group also proposed a $300,000 stabilization plan to shore up the decaying roof and upper walls to allow time to seek financing for the project. The stabilization plan would require a $100,000 city match through the downtown revitalization program.

The City Council on Tuesday has an executive session scheduled for the end of its 7 p.m. meeting titled “Acquisition/disposition of a city property.” Salomone said he could not comment on whether that would involve a discussion of the Reid & Hughes building.

c.bessette@theday.com