Judge rules Packard trustees must ask bank for money
WARREN -- A Trumbull County judge has ruled that Packard Park trustees must appeal to Key Bank Corp. in Cleveland to get $30,000 released from the trust fund established for the Packard band.
Probate Court Judge Thomas A. Swift issued the ruling Thursday and said testimony during hearings on the matter indicate that the bank will approve the request. Key Bank administers the trust set aside by the Packard family in the early 1900s to fund band operations and provide its home, W.D. Packard Music Hall.
Trustees are exploring ways to increase the hall's marketability and lessen the city's annual contribution. They are working with a consultant and Kent State University Trumbull Campus on a plan to be presented to the city before the end of the month.
They've asked that $30,000 be released for professional services, including the consultant.
The judge said that in the future, trustees can appeal to the bank first to release trust money.
If unsatisfied with the bank's decision, trustees can petition the court.