LISBON - The Family Recovery Services has purchased the vacant office building formerly occupied by the local office of the Veterans Services Commission to meet a growing demand for services.
The FRC is located on North Market Street in the office building behind the former Veteran Services building, which is owned by Dale Sanders. FRC Chief Financial Officer Millie Burton said the 4,376-square-foot, two-story building was purchased from Sanders for $170,000.
The FRC provides a variety of drug and alcohol abuse prevention and treatment/counseling programs and services for people and businesses, funded mostly with state and federal tax dollars. It employs 33 workers at its North Market Street office and a satellite office on Brookfield Avenue, from where the FRC runs a prevention education program. Burton said they intend to retain their other North Market Street building and move the prevention education program to its new North Market Street offices once its Brookfield Avenue lease is up in September 2013.
The bank loan is for 10 for years at a fixed rate of 5.01 percent but amortized for 15 years, but Burton said the plan is to pay off the loan in 10 years, with the monthly payments being $1,810. Moving the Brookfield Avenue operations to North Market Street will save the FRC $2,760 it is paying in monthly rent, the savings from which will be applied to the bank loan starting next fall.
Burton said they needed the extra room as they continue to add services and add more staff to accommodate their growing list of patients.
"Our staff is growing, as well as our clientele," she said.