Explanation
Background: The purpose of this legislation is to authorize the Director of Development to purchase a Preservation Easement from Walter Reiner, owner of the property at 72 S. Gift Street. On the property is an historic building known as the Deardurff House, a former U.S. Post Office and one of only three known remaining log structures in the City and the oldest still situated on its original site. The purchase price for the Preservation Easement is $125,000.00 which shall be paid to Mr. Reiner in installments as certain phases of stabilization, repair and renovation of the structure have been completed by Mr. Reiner in accordance with the Preservation Easement Purchase Agreement. The Preservation Easement shall require Mr. Reiner and subsequent owners to maintain the structure and its historic features. The Department of Development is interested in the preservation of this important historic site listed on the Columbus Register of Historic Places to serve as an excellent example of the early history of the settlement of Franklinton and Columbus.
Fiscal Impact: $125,000.00 is available as cash in the 2009 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to enter into a Preservation Easement Purchase Agreement with Walter Reiner for the preservation of the historic structure located at 72 S. Gift Street known as the Deardurff House; to amend the 2009 CIB; to authorize the transfer of cash between projects within the same fund; to authorize the appropriation and expenditure of $125,000 from the Northland and Other Acquisitions Fund; and to declare an emergency ($125,000.00).
Body
WHEREAS, Mr. Walter G. Reiner owns the property located at 72 South Gift Street in Franklinton commonly known as the Deardurff House; and
WHEREAS, the property located at 72 South Gift Street is designated as Listed Property CR 56 in the Columbus Register of Historic Properties (Ord. No. 1446-01; Approved September 18, 2001); and
WHEREAS, the Department of Development has determined that it is in the City's best interest to enter into an agreement with the owner to purchase a Preservation Easement resulting in immediate and necessary preservation and restoration work to the historic structure located at 72 South Gift Street in the City of Columbus, Franklinton Neighborhood; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to enter into a Preservation Easement Purchase Agreement with Walter G. Reiner in order that immediate measures are taken to stabilize and preserve this historic structure, thereby preserving the public health, peace, property, safety, and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized to enter into a Preservation Easement Purchase Agreement with Walter G. Reiner in the amount of $125,000 for a preservation easement to repair, restore and preserve the historic structure on the 72 South Gift Street property.
Section 2. That the 2009 CIB authorized within Ordinance 0806-2009 be amended to provide sufficient authority for this project as follows:
Fund No. / Project No. / Project / Current CIB Amt / Amendment Amt. / CIB Amt as Amended
735 / 441749-100000 / Deardurff House / $0 / $125,000.00 / $125,000.00
Section 3. That the transfer of cash within the Northland and Other Acquisitions Fund be authorized as follows:
Transfer from:
Fund / Project No. / Project Name / Object Level One / Object Level Three / OCA / Amount
735 / 735999-100000 / Unallocated Bal. Fd. 735 / 06 / 6680 / 735999 / $124,567.60
735 / 440104-100000 / Misc. Econ. Dev. / 06 / 6680 / 735020 / $432.40
Transfer to:
Fund / Project No. / Project Name / Object Level One / Object Level Three / OCA / Amount
735 / 441749-100000 / Deardurff House / 06 / 6680 / 735749 / $125,000.00
Section 4. That for the purpose stated in Section 1, the expenditure of up to $125,000 from the Development Department, Division No. 44-01, Fund No. 735 Northland and Other Acquisitions, Project No. 441749 Deardurff House, OCA Code 735749, Object Level Three 6680 is hereby appropriated and authorized.
Section 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for any contract or contract modification associated with the expenditure of funds.
Section 6. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.