Date: Fri 26-Sep-1997
Date: Fri 26-Sep-1997
Publication: Bee
Author: ANDYG
Quick Words:
Congregational-Savings-Bank
Full Text:
Church Membership Approves Sale Of Property To Savings Bank
BY ANDREW GOROSKO
After their Worship Service on Sunday, September 21, members of Newtown
Congregational Church unanimously voted to authorize the sale of church
property at 41 Main Street to Newtown Savings Bank for $550,000.
Also, church members approved transferring about three acres at the rear of
the lot to the Borough of Newtown Land Trust for $1. The three acres will be
preserved as open space land.
Church members authorized their board of trustees to take the actions
necessary to carry out the terms of the land sale and transfer.
Newtown Savings Bank has gained Borough Zoning Commission approval to expand
its bank at 39 Main Street to 41 Main Street. Commission members unanimously
approved the bank's site redevelopment plans intended to expand bank
facilities while preserving the historic character of Main Street.
The bank is scheduled to be in its expanded quarters by late fall 1998. The
bank has a budget of up to $3 million for design and construction.
Demolition of the old parsonage next door to the bank at 41 Main Street is
expected soon.
The bank will consolidate quarters here for its board of directors, accounting
section, and operations unit.
The Conservation Commission has approved wetlands aspects of the bank's
redevelopment plan.
Also, the Borough Zoning Board of Appeals has granted five zoning variances to
Newtown Savings Bank for the project.
Faced with the need for more space and a desire to stay on Main Street, the
bank in 1996 offered to buy the Newtown Congregational Church's property at 41
Main Street for $550,000. The church property includes a 13,980-square-foot
church house, a deteriorated parsonage, and a small house at the rear of the
lot.
Under the redevelopment plan, the bank will acquire the church property, join
the Borough of Newtown Historic District, demolish the decaying 1815 parsonage
and build a replica of the parsonage to house bank offices. The new office
space behind the parsonage facade will be linked to the bank by a new
addition.
The bank plans to lease the three-story church house back to the church for
five years with an option for an additional five years, providing time for the
church to build a new church house on its property on West Street. The old
church house, which was built in 1948, then would be used for bank operations,
but it probably also will contain rental office space and a community room.
Currently, the church house contains a nursery school and the Newtown Youth
Services offices.
