The owners of a Richmond recreation facility are being sued by Community Trust Bank, which claims they have defaulted on a $1.6 million loan.
Community Indoor Soccer & Recreation Inc. owes the bank $938,000 on the loan’s principal sum, and unpaid interest and fees, according to the lawsuit filed Oct. 3 in Madison Circuit Court.
The facility at 1136 Richmond Green Court is owned by Stephanie Hensley, Jerry W. Gilbert and Tammye R. Gilbert, according to the court documents. Jerry Gilbert is listed as the business’ registered agent in its 2013 annual report filed with the Kentucky secretary of state.
Built in 2004, the business has two indoor fields – one for soccer and another for softball and baseball activities – according to the Madison Indoor Recreation website.
The three owners took out a promissory note from Community Trust Bank in October 2005 for $1.6 million, the lawsuit states. The loan was secured with the business fixtures, equipment and other assets of the facility along with its 5-acre lot.
The bank is asking the court to order the owners to pay the money owed and also have the master commissioner conduct a sale of the business, according to court documents.
None of the owners have yet responded to the bank’s complaint. Defendants in civil cases typically have 30 days to file a response.
Jerry Gilbert declined to comment on the lawsuit’s allegations.
The case has been assigned to Madison Circuit Court Judge Jean C. Logue. No court dates have been scheduled yet in the suit.
Sarah Hogsed can be reached at email@example.com or 624-6694.
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AAUW authors brunch, silent auction March 15
The American Association of University Women, Berea, will present its annual Authors Brunch and Silent Auction at Boone Tavern 10 a.m. to 12:30 p.m. March 15.
Three Kentucky authors will be presenting their works, including Frank X Walker, Mike Norris and Jason Howard. Activities will take place in the Tavern’s Coyle Gathering and Skylight Rooms.
KSP recognizes last surviving member of first cadet class
As a member of Kentucky State Police Cadet Class No. 1 in 1948, Chester Potter was a ground-floor witness to the birth and growth of an organization that would transform law enforcement in Kentucky.
Recently, the 83-year-old Pikeville resident, who retired in 1975 as a lieutenant after 27 years on the force, recalled those early “trailblazing” days.
County’s oldest consignment sale begins today
The Little Ones’ Consignment Sale, Madison County’s oldest semi-annual sale of its kind, is open to the public 8 a.m. to 6 p.m. today (Friday) and 8 a.m. to noon Saturday at the multi-ministry center behind United Methodist Church, West Main Street, Richmond. Marked items are half price on Saturday.
Man indicted in January police chase
A Madison grand jury has indicted a Richmond man in connection with a vehicle chase that resulted in the lockdown of two schools in early January.
Heroin found in card sent to jail
An investigation began Wednesday afternoon at the Madison County Detention Center when a jail employee found heroin in a piece of mail destined for a prisoner.
Back to Broadway!
Directed by Eddie Kennedy and Lisa Scully, the Berea Arena performance is a musical revue featuring talented voices performing the best-loved songs of Broadway.
Murder indictment issued in vehicular assault case
A Madison grand jury indicted a Richmond man on a murder charge Wednesday in the death of his girlfriend’s brother, who he is alleged to have struck with his car.
Jeremy D. Rice, 21, also was indicted as a second-degree persistent felony offender, according to court documents.
4,000 march, remember in Frankfort
This time the welcome was warmer; still cold, but the sun shone; and 50 years of progress were marked.
It was different, cold and rainy, and the welcome by the white establishment was just as chilly 50 years ago when 10,000 marched on the state Capitol seeking passage of a public accommodations law.
‘Fairness’ ordinance cost debated
Berea’s City Council and Mayor Steve Connelly met for two hours Tuesday afternoon to discuss proposed changes to the city’s anti-discrimination ordinance.
HVAC tools reported stolen from van
A representative of Robert White Refrigeration, West Irvine Street, reported Thursday that several tools had been stolen from one of the company vehicles while it was parked at the Richmond Mall about noon Dec. 4.
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