Council staff have recommended that the land facing Junction Place be sold to Criterion Property and Capital rather than Rescom.

The signing of a heads of agreement to sell the property, known as CBD West, to Criterion was cited as integral to the recommendation which will be considered at Monday night's council meeting.

Under the heads of agreement, Criterion could be entitled to compensation if its offer was rejected and staff suggest to council the $14,000 more being offered by Rescom could be negated as a result of those costs.

Rescom chiefs made their case for buying the land, which once housed Wodonga's swimming pool, police station and court, at a special council forum last week.

That was called in response to the council advertising its intention to offload the land to Criterion and seeking submissions, with Rescom the only party to respond.

The agenda for Monday night's meeting reveals that in Criterion and Rescom each made unsolicited offers to buy CBD West.

On July 23, Criterion sought to buy 41-43 Elgin Boulevard, which formed part of CBD West, for $1.4 million, then two days later Rescom offered to buy the entire site for $2.7 million to $3.2 million.

On August 6, Criterion then flagged its willingness to add 26 Stanley Street for $2.15 million to bring its total offer to $3.55 million.

Behind closed doors at its August meeting, the council discussed the two offers and opted to enter the heads of agreement with Criterion which indicated its intention to enter a sale contract with the Sydney developer.

The recommendation for Monday night cites three reasons for pursuing Criterion's offer.

They include the price being above the land's valuation, the sale terms being acceptable and the heads of agreement providing a high level of certainty that the sale will proceed.