Pulham St Mary Parish Council has lodged a bid to buy its village pub which has been closed since 2007.
At a meeting last month councillors agreed to submit an offer to Graham Scott, who owns the 16th Century Grade II listed King’s Head.
The Diss Express understands the offer is on the table until the end of this month and, should it be accepted, a six month deadline would then begin for the transaction to go through.
It would be funded by a grant from the government’s Pub Loan Fund, loans from the Public Works Loan Board, and council cash reserves.
Clayton Hudson, South Norfolk District Councillor and parish councillor, told the Diss Express: “We have made what we consider a reasonable offer for the premises.
“We think it is only right that the community has an interest in securing the pub given the two planning applications (to demolish the pub and build homes) were not approved and the recent purchase notice was not accepted.”
We have made what we consider a reasonable offer for the premises
Mr Hudson said the first phase was to secure the building before a decision would be made on how exactly the pub would be run.
He also added there could potentially be a rise in council tax next year to help fund the project, should the pub open once again.
The effort to get the King’s Head reopened has been a long-running saga.
More than three years ago Mr Scott had a planning application for six new homes turned down. And he came back with a fresh plan in 2014 to demolish the pub and build 12 homes and six apartments, but this was also rejected.
Since then a local petition to South Norfolk Council, with more than 550 signatures, called for the authority to buy the pub and transfer the ownership to the village.
And earlier this year, a purchase order lodged by Mr Scott — which would mean South Norfolk Council agreeing to purchase the King’s Head — was turned down.
The effort to reopen the pub has received the backing of South Norfolk MP and village resident Richard Bacon.