As the clock ticked to the 2 p.m. Tuesday deadline for bids on the Pike Activities Building, commonly call the Rock Building, in downtown Troy only one bid had been submitted.

The Pike County Commission put the Rock Building up for bids but reserved the right to refuse all bids.

County Administrator Harry Sanders opened the envelope and read the bid of $60,000 by Charlie Bundy of Goshen.

Sanders said he will report on the results at the commissions’ March 28 meeting.

At that time, the commission will have the opportunity to accept or refuse Bundy’s bid.

Sanders said a certified appraisal of the Pike Activities Building was done by Howard V. Barton II, state certified general real property appraiser, Montgomery. The certified appraised value of the building and property was $110,000.

The assessed value of the property as recorded at the Pike County Revenue Commissioner’s Office is $60,000.

No value is assessed to the building.

Bundy, who owns and operates an auto shop, said he was surprised that there were no other bids for the building.

“My interest in the Rock Building is mainly in preserving it,” he said. “What I want to do is get a new top put on the building to stop the leaking and then decided where to go from there.”

Bundy said he has no personal interest in the building but is interested in the building for its historic significance. “I would like to see the building restored for its historic value,” he said. “And, I have old vehicles and I’m thinking some kind of antique museum. But the main thing is to preserve it.”

Commissioner Chairman Joey Jackson was the only commission present when the bid was opened but said he had no comment.

Commissioner Jimmy Barron said this will be the first time he has had an opportunity to be involved in a bid process.

“At this time, I don’t know what the legal aspects are,” he said. “I’m sure that I’ll have questions for our attorney, Allen Jones, Monday night as we move head with the process.”