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.
- Local News
Prior 'bad acts' to be allowed in Marcum murder trial
A Madison Circuit judge ruled Friday that prior “bad acts” of murder defendant Christina Marcum may be admitted during her upcoming trial.
Eastern students practice fire fighting in burning building
Thick barrels of smoke rolled out of the room as nearby observers could feel the fire’s heat on their faces. Furniture and drywall fueled the blaze. Flames licked the top of the door frame and the flat ceiling.
Airport planning mock disaster drill
Madison Airport officials and Eastern Kentucky University are making plans for a mock disaster drill tentatively scheduled for August.
Feds deny giving OK to selenium standards
When lawmakers wrestled last year with new standards for releasing selenium into streams by coal mines and industry, they were assured by state officials the proposals were based on sound science and approved by U.S. Fish and Wildlife Service officials.
Pets of the Week from the Madison County Animal Shelter
The Madison County Animal Shelter is located at 1386 Richmond Road in Berea. Shelter hours are 9 a.m. to 5 p.m. Monday through Friday and 9 a.m. to 4 p.m. Saturday. Animals available for adoption can be seen from noon to close Monday through Saturday.
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.
- More Local News Headlines
- Prior 'bad acts' to be allowed in Marcum murder trial