Celebrate with us on Saturday October 1, 2016 from 11:30 A.M. to 4:00 P.M. Nadene Moore, Bobby Wiggins, Peggy Griffith and many other friends of Grundy County Historical Society are planning a magnificent fish fry dinner to be held at the Heritage Center at 465 Railroad Avenue in Tracy City. Take out orders are available. We will celebrate two milestone events: (1) completion of the reroofing of all three roof structures on the Heritage Center and (2) reduction of the principal of our remaining mortgage with United States Department of Agriculture Rural Development to $125,000 with the launch of a campaign to retire that indebtedness.
Tickets to the event are $15.00. Funds raised will support the Annual Fund for 2016-2017. The Annual Fund is a vital part of the financial structure of Grundy County Historical Society. It comprises a significant part of the building operation expenses that include insurance on the Heritage Center, utilities, security, building upkeep, maintenance and repairs.
This year we have faced a serious building maintenance problem due to an extraordinary amount of rain received in January that resulted in significant leaks in the upstairs offices and in the 1978 addition that houses the Exhibit Hall. Thanks to the alertness and dedication of our floor manager, Nadene Fultz Moore, who monitored the many leaks throughout the rainfall including Saturday and Sunday, interior damage was limited to parts of the ceiling and insulation. The expense of new roofs for the Heritage Center has exceeded $46,000. We have had the support of a $20,000 grant from U.S.D.A. Rural Development, a grant $10,000 from Community Fund of the South Cumberland Plateau, $6,000 from Grundy County together with generous contributions from patrons of the Heritage Center.
The initial mortgage indebtedness included a $40,000 first mortgage to purchase the facility and a $190,000 second mortgage to complete restoration of the facility and develop the museum, library and research center. We have retired the 40,000 first mortgage in full and reduced the principal of the $190,000 second mortgage by $65,000 to $125,000. This has been a $105,000 reduction of principal plus interest paid.
We are grateful and want to celebrate. You can either purchase tickets at the Heritage Center or mail money for your tickets to Nadene Moore at the Heritage Center. Tickets for the event may also be purchased at the event. If you cannot attend the event, please show your support with a contribution to the Annual Fund.