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Date: Fri 26-Sep-1997

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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.

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