The city would pay $2.25 million for the building.
The city of Orlando has almost sealed the deal to make Pulse nightclub, where 49 people were murdered and 53 wounded by a lone gunman in June, into a memorial.
The mass shooting, which was the deadliest in modern U.S. history, rocked the hearts of Americans and has now prompted the city to make the site a monument.
Read: Survivor of Pulse Nightclub Massacre 'So Happy' After Taking His First Steps Since Shooting
"This location is now a permanent part of Orlando's history. It's the site of the most tragic event that has ever occurred in the city of Orlando," Mayor Buddy Dyer said in the statement. "We want our entire community to be a part of this site. With the city owning the property, we can engage in a public process to determine the future of the Pulse property and building."
The Orlando City Council will vote Monday on whether to approve the $2.25 million purchase of the gay nightclub.
Barbara Poma, who bought the club with a partner in honor of her brother who died from AIDS, told CNN that she realized that letting go was the best way to keep his memory intact.
Poma reportedly originally opened the club to keep her brother’s spirit alive.
Read: Orlando Shooter's Wife Opens Up, 6 Months After Pulse Nightclub Massacre: 'I Was Unaware'
"Never could I have imagined that the building we built as Pulse Nightclub would not be a part of my daily life. Pulse was a huge part of my heart, my soul and my family," Poma said in a statement. "As difficult as it is for me to part with Pulse, this transaction ensures that what has become a sacred site will be properly memorialized for generations to come."
City officials said the site would remain the as-is for the next 12 to 18 months because it has become a gather place for mourners and that they would inquire of the community about how the memorial should go forward.
Watch: Orlando Gunman Omar Mateen Frequented Pulse Nightclub, Used Gay Dating Apps