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...
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