Kokomo Tribune; Kokomo, Indiana

Local News

October 28, 2013

Ownership of Armstrong-Landon to be transferred

First Farmers expected to take possession today

CORRECTION: Gene Miles, president and CEO of First Farmers Bank & Trust, said Oct. 30, 2013, the bank does not intend to move its corporate headquarters to downtown Kokomo. "A couple media sources have incorrectly reported that we are moving our corporate headquarters to the Armstrong-Landon building in Kokomo, Ind. As discussed, we obviously do plan on locating some personnel and departments in the building, but reports of moving the corporate offices/headquarters from Converse are incorrect. “
 

The transfer of ownership of the tallest building in downtown Kokomo to First Farmers Bank and Trust is expected to be completed today.

The Kokomo Redevelopment Commission is expected to approve the sale of the Armstrong-Landon building to the bank, which intends to open a branch office on the southwest corner of Main and Sycamore Streets and to move from corporate offices to the facility.

First Farmers announced earlier this month that it was leasing 11,000 square feet of the building to Ivy Tech Community College for $10 per year. Ivy Tech is leasing the space for 15 years.

In June, the Kokomo Board of Public Works and Safety purchased the building and the parking lot behind the Armstrong-Landon building and the parking lot across from Superior Street for $395,000.

The Board of Works on Wednesday approved a resolution transferring ownership of the building to the Redevelopment Commission.

Terms of the sale to First Farmers Bank and Trust have not been disclosed. The Redevelopment Commission meets at 3:30 p.m. on the third floor of city hall.

The building has sat vacant since 2011 when Harris Bank moved out. Bolinger Enterprises purchased the building from Harris Bank for $200,000 in 2012.

The building was sold in 2002 to First National Bank & Trust for $5.3 million, according to county tax rates. Harris merged with First National in 2008.

In other business

The Board of Works approved a $30,700 contract with Mohr Construction for the creation of a streetscape along Union Street at the Kokomo/Howard County Public Library Main Branch.

The work to be done is on the east side of Union Street in front of the main branch of the library.

The work will include new curbs, sidewalks, brick pavers and antique street lights to match those on the north side of the library along Mulberry Street.

Work on the project can begin as soon on Tuesday when the notice to proceed will be issued.

 

 

1
Text Only | Photo Reprints
Local News
  • Feds plan review over Medicaid backlog INDIANAPOLIS (AP) — Federal officials are reviewing Indiana’s procedures for enrolling residents in Medicaid after finding the state had 80,000 low-income residents awaiting approval in May.Cindy Mann, director of the Centers for Medicare and Medicai

    July 25, 2014

  • Airshow Practice 05 Eyes to the sky Twenty-four-year-old Kevin Coleman is one of the youngest air show stars in the world.The Louisiana man is a second generation pilot and second generation air show performer. As a kid, he watched as his dad and then his brother flew through the skies

    July 25, 2014 5 Photos

  • Former county official pleads guilty to conversion One of two former county officials charged with theft and official misconduct was sentenced last week to a two-year suspended sentence after pleading guilty to misdemeanor charges. Darrell Reed, 52, pleaded guilty to two Class A misdemeanor conversio

    July 24, 2014

  • NWS - KT072514 Kokomo School Board - pic Blueprints found during demolition aid Central Middle School remodel

    When workers began the tear down for renovations to the Central Middle School auditorium, they stumbled upon something very important and helpful sifting through the century-old material. Tucked away inside the structure were the original blueprints,

    July 24, 2014 1 Photo

  • Bona Vista to build new $1.23 million housing development Bona Vista Programs has announced plans to build a new $1.23 million housing development in downtown Kokomo to accommodate people with disabilities.The new 6,500-square-foot housing unit called Elmwood Trails will be located at 1101 N. Buckeye St. an

    July 25, 2014

  • Burlington woman charged in May fatal crash Police arrested a 26-year-old Burlington woman Wednesday who is accused of causing a fatal crash while driving drunk.Howard County sheriff deputies served a warrant on Casie E. Johnson charging her with a B felony causing death while operating a vehi

    July 25, 2014

  • Burlington woman charged in May fatal crash A 26-year-old Burlington woman is being accused of driving drunk causing the death of a Frankfort man in a May 2 accident near the Howard-Tipton county line. Howard County sheriff deputies served a warrant on Casie E. Johnson on Wednesday charging he

    July 24, 2014

  • Lake Co. judge strikes down Indiana right-to-work INDIANAPOLIS (AP) — A Lake County judge struck down Indiana's right-to-work ban on certain union fees in a second legal blow to the contentious law passed in 2012. Lake County Circuit Court Judge George Paras determined the law violates the state co

    July 24, 2014

  • Kokomo man charged with sexual misconduct with a minor Kokomo police arrested a 20-year-old man Tuesday afternoon on a warrant charging him with sexual misconduct with a minor involving a 14-year-old girl.Officers arrested Malachi Ely at 4:38 p.m. at his residence in the 500 block of South Goyer Road on

    July 24, 2014

  • Howard County rejected for state preschool pilot Howard County is not among the five counties selected for Indiana’s new preschool voucher pilot.Gov. Mike Pence announced Tuesday that Allen, Jackson, Lake, Marion and Vanderburgh counties will roll out the program in 2015. Eighteen counties, includi

    July 24, 2014

Latest news
Featured Ads
Only on our website
AP Video
Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites Anti-violence Advocate Killed, but Not Silenced. Dempsey: Putin May Light Fire and Lose Control Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries