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The Armory has been under renovation for nearly seven years. This year, the city hopes to find a tenant to operate the building.

North Adams Armory Project Seeking Tenant in 2015

By Jack GuerinoiBerkshires Staff
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A public hearing was held Monday on the next phase of the Armory renovation. This year, CDBG funding will go toward parking and work on the lower levels.

NORTH ADAMS, Mass. – The city will focus its annual Community Development Block Grant on the Armory’s parking lot and lower levels and is preparing a request for proposals for an agency to operate it.

Director of Community Development Michael Nuvallie said this next step toward rehabilitating the building into a youth community center will mark Phase 10 of the project, which began in 2007 when the city purchased the building from the state.

A public hearing on the use of this year's CDBG funds was held Monday at City Hall with Mayor Richard Alcombright and involved agencies.

The $5 million project has used state and federal funds to slowly improve the former National Guard building. These improvements include total window replacement, roofing, repairs to the gym, installation of an elevator, a new sprinkler system, and improved new office space in the building.

Out of the $825,000 the city plans to receive this year, $576,000 will be used to create a parking area.

Nuvallie said the youth basketball league is the only program using the Armory at the moment and attendees often park on a grassy lot that runs along Royal Avenue between Washington Avenue and Porter Street. He said this will be the targeted area.

"People are parking on the grass so we need make it a formidable parking lot with proper drainage, with fencing, some minor curb cutting, and sidewalk work," Nuvallie said.

He said $324,000 will be used for the engineering and design work for the parking lot; another $252,500 will be used to do more interior work on the lower levels, including the garage that used to house military vehicles.

Where the rest of the money goes is still tentative and dependent on the building's tenants, Nuvallie said.

He said the city is nearly finished with a "Super Tenant" request for proposals that, once released, will indicate what possible tenants may want. He said this will determine how big the garage will be.

"That will dictate to us whether we will spend more money on the inside and less on the parking lot or maybe less on the inside with a more expansive parking lot," Nuvallie said. "We see this as the best and wisest course of action to take at this junction."

Some $35,000 will be used to hire an architect to survey the lower levels.

Nuvallie said the RFP is critical in the Armory's reuse and should be released by the end of winter.

"The city does not desire to get into the situation where we are leasing to six different agencies," he said. "We would like to get one anchor tenant … and let them really take over the life and pulse of the building."

Alcombright said he sees the building providing services for veterans, the elderly and for youth, including sports and drop-in center, and as a possible arts and dance center. He said there is even talk about turning the Armory's old shooting range in the basement into a community theater.

"Our main focus here is to get someone in here. We don't want to, as a city, be running the community center. It is not our function," the mayor said. "We want to find someone who will do a hell of a good job at it and be certain they have all the programs we want to see."


Tags: Armory,   CDBG,   community center,   

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Be careful when naming beneficiaries

You might not have thought much about beneficiary designations — but they can play a big role in your estate planning.
 
When you purchase insurance policies and open investment accounts, such as your IRA, you'll be asked to name a beneficiary, and, in some cases, more than one. This might seem easy, especially if you have a spouse and children, but if you experience a major life event, such as a divorce or a death in the family, you may need to make some changes — because beneficiary designations carry a lot of weight under the law.
 
In fact, these designations can supersede the instructions you may have written in your will or living trust, so everyone in your family should know who is expected to get which assets. One significant benefit of having proper beneficiary designations in place is that they may enable beneficiaries to avoid the time-consuming — and possibly expensive — probate process.
 
The beneficiary issue can become complex because not everyone reacts the same way to events such as divorce — some people want their ex-spouses to still receive assets while others don't. Furthermore, not all the states have the same rules about how beneficiary designations are treated after a divorce. And some financial assets are treated differently than others.
 
Here's the big picture: If you've named your spouse as a beneficiary of an IRA, bank or brokerage account, insurance policy, will or trust, this beneficiary designation will automatically be revoked upon divorce in about half the states. So, if you still want your ex-spouse to get these assets, you will need to name them as a non-spouse beneficiary after the divorce. But if you've named your spouse as beneficiary for a 401(k) plan or pension, the designation will remain intact until and unless you change it, regardless of where you live.
 
However, in community property states, couples are generally required to split equally all assets they acquired during their marriage. When couples divorce, the community property laws require they split their assets 50/50, but only those assets they obtained while they lived in that state. If you were to stay in the same community property state throughout your marriage and divorce, the ownership issue is generally straightforward, but if you were to move to or from one of these states, it might change the joint ownership picture.
 
Thus far, we've only talked about beneficiary designation issues surrounding divorce. But if an ex-spouse — or any beneficiary — passes away, the assets will generally pass to a contingent beneficiary — which is why it's important that you name one at the same time you designate the primary beneficiary. Also, it may be appropriate to name a special needs trust as beneficiary for a family member who has special needs or becomes disabled. If this individual were to be the direct beneficiary, any assets passing directly into their hands could affect their eligibility for certain programs.
 
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