After years of waiting, the Town of Hogansville officially opened the town’s new town hall on Monday.
The city received approval for a USDA loan of $ 373,000, which made it possible to renovate the PNC Bank building at 111 High Street. Mayor Bill Stankiewicz said when the city initially applied for the loan in May, but the loan did not match the city’s demand and Hogansville had to reapply. The pandemic then delayed everything further.
Stankiewicz said significant funding also came from the Hogansville Charitable Trust with funds raised during the annual hummingbird festival.
“The trust paid for this building when it was purchased,” Stankiewicz said. “A developer, John Hardy Jones, paid to put a roof on this building, and he also contributed $ 50,000 towards the renovation. We are anticipating, and we truly believe, that we will complete this project purchase and the reallocation of this building at no cost to taxpayers. We are very proud of it. ”
The renovations of the Royal Theater, where the town hall is currently located, cannot begin until the town has completely left the building. The town hall moved into the theater in 1984, but the building is in need of major repairs which will cost around $ 1.8 million.
With maces in hand, each member of the city council was able to hit a wall inside the old bank.
Even a few residents joined in the fun of tearing down the wall, signifying the start of the construction process.
During construction, all bank counters in the bank will have to be removed.
The drive-thru window will remain as it will be used by citizens to pay utility bills or other municipal charges. Construction and renovations were scheduled to begin no later than the first week of January, but delays with contractors have delayed the construction schedule.
Under the terms of the loan, the City is required to contribute $ 23,500.
The loan will be repayable over a period not exceeding 40 years from the closing date of the loan. Hogansville will be required to make its first payment from the loan closing date, and it will be an interest-only payment.
The second payment will be a fully amortized payment of principal and interest and will be due 13 months after the loan closes. All subsequent payments will be due for the term of the loan, each being a fully amortized payment of principal and interest.
The city hopes to move in by the end of the summer.