From the Dubois County Free Press:
The Jasper Redevelopment Commission held their monthly meeting this morning and the Commission heard that the Indiana Department of Local Government Finance has approved the $1.1 million appropriation from the City of Jasper’s rainy day fund to purchase the former Jasper Country Club property.
The city received its official notice of approval on Monday and according to Mayor Terry Seitz, they are now ready to schedule a closing date to complete the purchase:
The Jasper Common Council approved using the appropriation of $1,087,795 from the rainy day fund at January’s meeting. The decision was made to expedite the purchase of the property and to save $30,000 to $50,000 in financing fees and legal paperwork.
The actual amount of property has been reduced by several acres to accommodate private citizens’ purchases of approximately 3 acres along Emily Street and the purchase of the Country Club building, access road and parking lot by Alpine Enterprises and the Hanselman family, co-owners of the Schnitzelbank and Hampton Inn in Jasper.
The city plans on purchasing the remaining 58 acres and the Greater Jasper School Corporation approved purchasing up to 15 acres from the city.
The city is considering the sale of four properties to replenish the rainy day fund. Those properties include the Lechner property near Precious Blood, Bockelman property north of the Municipal Golf Course, the 30th Street Park and an additional 10 acres the city owns near St. Charles Street and Truman Road.
The Jasper rainy day fund has $2.6 million before the expenditure for the property.