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Business/Money

October 31, 2012

Council approves New Albany’s 2013 budget

Bicentennial funding also gets OK after being reduced

(Continued)

NEW ALBANY — Bicentennial funding reduced, passed

The council voted to appropriate $50,000 for events and programs planned by the New Albany Bicentennial Commission.

The amount was reduced from $85,000 before being approved on final reading.

Caesar is a member of the bicentennial commission, and said the money will be used to offset expenses such as deposits for event venues. He said he has no issue with the appropriation being lowered to $50,000.

“The amount is more than adequate to cover our needs,” Caesar said.

The commission’s goal is to pay back at least the majority of the money through purchase proceeds from the official bicentennial book “Historic New Albany, Indiana: By the River’s Edge.”

Town Clock Church tabled

The final reading for a $75,000 appropriation to benefit the restoration of the historic Town Clock Church was tabled Monday.

The sponsor of the measure, Councilman John Gonder, said Tuesday the appropriation was delayed so there could be more research on possibly obtaining a preservation easement on the property.

There’s also interest in wording the ordinance as a challenge grant to entice more organizations to join in the fundraising drive, Gonder said.

Repairing the historic church and installing a replica of the steeple that once stood atop the building has been estimated at $403,500. Several organizations including the Horseshoe Foundation of Floyd County have pledged their support for the project, as the church was a connection on the Underground Railroad during the Civil War era.

Gonder said he didn’t object to tabling the appropriation, but that he intends to introduce it for a final reading during the council’s next meeting which is at 7:30 p.m. on Monday.

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