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Sunday, May 1, 2016

Fly attempts to stay warm

Thursday, December 6, 2012

Bedford County Arts Council is asking the city of Shelbyville for their help in getting a loan to keep their guests from freezing this winter.

The council had made a request in May to both the county and city for extra funding to replace two of the large heating and air conditioning (HVAC) units that heat and cool the Fly Arts Center, which have broken down.

The city said at the time it didn't have extra funds for the capital outlay request for the HVAC, which was made in addition to the group's annual contribution request.

City manager Jay Johnson said in May if the city started funding one-time capital projects for social service agencies, "it opens a mighty big door."

Needs approval

Arts Council executive director Janice Cole said since the county and city were unable to assist them, the group has requested a loan from First Community Bank to get the two units up and running so they can hold their Christmas Dinner Theatre and other events "without freezing everyone out."

Cole explained that the bank has looked at the deed and requested that the Arts Council get authorization from the city council to approve them getting this loan and placing the building as collateral.

First Community has approved the Arts Council for a $30,000 capital improvement loan, along with a $10,000 line of credit to help them stay current with their expenses between their various sources of income.

Building donated

Cole asked the city council to execute a waiver of the first lien rights on the Fly Arts building to the bank, since the building and property were originally donated to Shelbyville many years ago.

The city donated that building to the Arts Council in 1995, Johnson explained, with a clause in the contract stating if it was ever to be used for something other than an arts center, it would revert back to the city.

Cole said that the Arts Council currently has a fund raising campaign that's geared to pay for the loan, and some money has already been raised.

To help the Arts Council, the city council would have to approve a resolution during their regular meeting next Thursday, which will be held at the Shelbyville police department, starting at 6 p.m..