LEEDS (AP) - A century-old landmark that housed a bank, city hall and a library may be given a reprieve from the wrecking ball, if enough money can be raised to renovate it, the city's mayor said.

The building has been vacant for a decade, and it is falling apart, Mayor Lloyd Himle said.

"We consider it a liability," Himle said. "Bricks could fall off and hurt somebody. We don't want to put any money into it."

The city is slated to open bids to demolish the Main Street landmark on Monday. Himle said the city could give a preservation group some time to raise money and restore the building.

"The city would have to retain ownership, though," he said. "And if something isn't done in a reasonable amount of time, it would have to come down."

City Auditor Tammy Urness says the city has put aside $10,000 over the past three years to pay for demolition of the old building that housed city hall and the library from 1934 to 1997.

Preservation North Dakota announced Friday the old building has made the Honorable Mention list of its "2007 Three Most Endangered Historic Properties."

In January, the city asked if any residents were interested in salvaging some of the building's features such as tin ceilings, ceramic and wood flooring.

The razing of the landmark was news to some in this town of about 460, 30 miles west of Devils Lake

"Nobody questioned it. Nothing was said until we said it was going to come down," Urness said.

A local group called the Resource Conservation and Development Council contacted Preservation North Dakota to help to save the building.

While research has not uncovered the exact date of construction, the preservation group believes it was built about 1901. The architectural style is Roman-Greco, with marble pillars and pediment over the entry.

It served as the First National Bank until it closed in 1926.

The city of Leeds bought the building at a sheriff's sale in 1934, for $1,000 plus back taxes totaling $309.

In 1941, the Leeds Fire Department moved into an annex built onto the rear of the original building. It moved to a newer building in 1977.

The building also has housed the city police station. A jail holding cell is located in the basement. After city offices and the library moved in 1997, the building served as a Halloween haunted house for the community for several years.

Himle said the building needs structural repairs, plumbing work and a new heating system.

"It could take $500,000 to get that building back in shape," he said.

Preservation North Dakota maintains that the building is structurally sound.