Lebanon Reporter

Local News

August 22, 2012

Whitestown board OKs building purchase

Whitestown — The Town of Whitestown plans to buy an abandoned downtown building and tear it down.

The Whitestown Town Council voted 4 to 1 at its Tuesday meeting to buy the property at  1 E. Pierce St., from the estate of Peggy Sanders, for $33,000. Councilman Kevin Russell voted against the motion.

Town Attorney Steve Unger said they had to negotiate some on the price.

“The town submitted a uniform offer letter, which after a little bit of negotiation, was accepted by the property owner,” he said. “The deed work is finished, and the title work is in the works. We have 60 days to pay for the property.”

“The executor of the estate was Dennis Sanders; so that’s who we negotiated with,” he said. “The town had two appraisals done and the higher appraisal was around $30,000. The owner had an appraisal done, and we did the average of the two appraisals for the price.”

Unger said the town will pay for the building with money borrowed from its utility fund, with one year to pay back the loan, at 1 percent interest.

Council President Dawn Semmler said the plan was for the building to eventually be removed.

“This building is on the southeast corner of Main and Pierce and pretty run-down,” she said. “The sight distance at that intersection is really bad. By removing it, we can improve safety. This project was part of our Stellar Community plan.”

For more of the story, see The Lebanon Reporter or subscribe to the eEdition. bit.ly/vMiPKg

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