OXFORD – A state grant will cover roughly half the cost of much-needed repairs to the upper level of the historic bank building in Oxford, according to the village’s top elected official.

Oxford Mayor Terry Stark confirmed Friday that the village had applied for and been approved to receive a $52,500 matching grant through the New York State Office of Parks, Recreation and Historic Preservation’s Environmental Protection Fund. The grant application was completed with the assistance of Gene Rood, an Oxford resident and professional engineer.

The project will include repairs to the bank building’s roof and interior drainage system and re-pointing of the chimney, Stark said, as well as refurbishing or replacing the structure’s wooden fascia and soffit. Some windows on the building’s third floor may also be replaced. He estimated the entire cost of the project to be between $115,000 to $120,000.

In addition to the matching grant, the village has approximately $50,000 in a bank building reserve account which will be used toward the project, Stark said. Bids for the work will be sought once paperwork is finalized with the Parks Department.