Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into contract with the Franklinton Development Association in the amount of up to $22,000 from the Housing Preservation Fund, for the purpose of conducting a feasibility study on the property located at 79 McDowell Street.
The Department of Development, Land Redevelopment Office, acquired the real property located at 79 McDowell Street in 2013. The purpose of this acquisition was to facilitate redevelopment within the Franklinton neighborhood in cooperation with the Franklinton Development Association.
The Department of Development, in cooperation with the Franklinton Development Association, would like to conduct a feasibility study of the real property to determine if the structure can be renovated into performing art space.
Emergency action is necessary to complete the study as quickly as possible to continue redevelopment efforts within the Franklinton neighborhood.
FISCAL IMPACT: This expenditure is budgeted and available within the Housing Preservation Fund.
Title
To authorize the Director of the Department of Development to enter into contract with the Franklinton Development Association for the purpose of conducting a feasibility study on the property located at 79 McDowell Street; to authorize the expenditure of $22,000.00 from the Housing Preservation Fund; and to declare an emergency. ($22,000.00)
Body
WHEREAS, this legislation authorizes the Director of Development to enter into contract with the Franklinton Development Association in the amount of up to $22,000.00, from the Housing Preservation Fund; and
WHEREAS, the Department of Development has been engaged in planning and redevelopment activities within the Franklinton neighborhood in cooperation with the Franklinton Development Association; and
WHEREAS, the Department of Development, Land Redevelopment Office acquired the real property located at 79 McDowell Street for the pu...
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