The Gorham Town Council voted Tuesday to sell the former White Rock School to Great Falls Construction, which plans to renovate the building into 12 senior apartments.

The council voted in January to spend $175,000 to tear down the school, which closed in 2011 when Great Falls Elementary School opened. Before approving the demolition, however, the council took another vote in May to put out a request for proposals to purchase, lease or develop the 12.4-acre property.

Along with Great Falls Construction, Earthschool of Maine, a homeschool cooperative, submitted a proposal to the town. The council chose Great Falls and voted 5-0 Tuesday to sell the building to the construction company for $1, under the conditions that the company invests at least $800,000 in the property and the athletic fields on the site remain open to the public, said Town Manager David Cole.

The council also voted Tuesday, 4-2, not to hold a referendum in November on whether to borrow $5 million on a renovation and expansion of the town’s public safety building on Main Street, Cole said. In June, voters resoundingly rejected a proposal to borrow $6.3 million to renovate the former Little Falls school into a new public safety headquarters.