HomeMy Public PortalAbout12/01/1999 specialCity of Greencastle
City Hall
Four East Walnut Street
®
Greencastle, Indiana 46135
Pamela S. Jones
Clerk- Treasurer
GREENCASTLE COMMON COUNCIL
SPECIAL SESSION
WEDNESDAY, DECEMBER 1, 1999 4:00 P.M. OLD NATIONAL BANK
ONE NORTH LOCUST STREET
The Greencastle Common Council met in Special Session Wednesday, November 1, 1999, 4:00
p.m. at Old National Bank, One North Locust Street. Mayor Michael called the meeting to Order.
On the Roll Call, the following were found to be present: Councilor Roach, Councilor Hammer,
Councilor Baynard and Councilor Masten. Councilor Green was absent. Also present was City=
Attorney Laurie Robertson.
Terry Osborne, President of Old National Bank, speaking on behalf of Old National Bank,
thanked Representative Susan Crosby for her help with Build Indiana Funds Mr. Osborne also
thanked Bill Britt, Old National Bank Northern Region Executive, Mayor Michael, Clerk -
Treasurer Jones, Councilmembers, Newly elected officials and the Board of Directors and
Advisory Board of Old National Bank for all the help and work to make this day possible. Mr.
Osborne stated the discussion of the City taking over this facility was initiated by Bobby Albright
and David Masten in early 1998. Mr. Osborne stated he asked the City to keep the negotiations
confidential and thanked the City for honoring that request.
Mayor Michael stated she feels this is a win -win situation for both the City and the Bank. One of
the concerns for a new City Hall is we want to stay in the downtown area and provide the citizen's
with a building that is inviting, accessible and attractive, Mayor Michael continued. Mayor
Michael thanked David Masten for his efforts for which the City received $184,000.00 in the
Build Indiana Funds. Mayor Michael also thanked Heartland for donating $30,000.00 to the City
in which $10,000.00 went to Mainstreet Greencastle and $20,000.00 to the City Hall Fund and to
DePauw for their $100,000.00 donation which went into the City Hall Fund.
Attorney Robertson stated the Contract for Purchase of Real Estate is the first step. A Resolution
will be presented to Council to purchase bonds for the balance needed. Earnest money in the
amount of $5,000.00 will be need to be given to Old National within three days and closing is set
for 180 days. The contract also alludes to the ATM license agreement which will allow Old
National to operate and maintain an ATM at the building. Attorney Robertson stated there will be
public hearings during this process.
Attorney Tom Pitman from Baker and Daniels stated the financing is yet to be considered and
there will be public hearings involved in this process.
Resolution 1999 -41, A Resolution Appropriating City Hall Building Funds, was read by Mayor
Michael. Motion to approve made by Councilor Masten, seconded by Councilor Roach. Vote
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was unanimous.
® Resolution 1999 -42, A Resolution of the Common Councilor of the City of Greencastle, Indiana,
Authorizing the Acquisition by the City of Greencastle of Certain Real Estate and Related Matters,
was read by Mayor Michael. Motion to approve with the correction of "First Citizens Bank"
being changed to "Old National' was made by Councilor Hammer, seconded by Councilor
Baynard. Vote was unanimous.
Motion to authorize Mayor Michael to sign the Build Indiana Fund Agreement and necessary
paperwork to process the Grant was made by Councilor Masten, seconded by Councilor Roach.
Vote was unanimous.
Mayor Michael told the Council she is taking some promotional monies to participate in a map
sponsored by the Chamber of Commerce. Mayor Michael stated she wants to buy space on the
map listing the City Departments and phone numbers. The cost of the advertisement is $1
and the maps will be distributed for three years.
Motion to adjourn made by Councilor Hammer, seconded by Councilor Masten. Vote was
unanimous.
Nancy A. ichael, Mayor
A EST:
Pamela S. Jones, Clerl -T easurer