Hammond council approves purchase of former bank
HAMMOND - The Hammond City Council has agreed to buy and renovate the former Hancock Bank Building for use as the Police Department's new headquarters.
Mayor Mayson Foster asked the council Tuesday to approve necessary fiscal moves to ensure state funding would be available for the project.
The state awarded Hammond a $600,000 grant for acquisition of the building last year and the council has since approved a cooperative endeavor agreement between the city and the state to buy the building.
Renovations are expected to cost about $500,000 and the state grant will cover $277,500 of that cost while the city will contribute $222,500.
Foster says the final cost of the building's purchase and renovation will be $1.165 million.
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