HomeMy WebLinkAboutHCD-1.36
DATE: May 12, 2008
TO: Historic Landmark Commission
FROM: Stephen C. Richardson, Planning Manager
SUBJECT: Request for approval of a historic preservation loan
FILE: HCD-1.36
STAFF REPORT
The Planning Manager recommends approval of $39,375.
Willard Hall has applied for an historic preservation loan in the amount
of $49,000 for work to be done to the exterior of the building at 278
Pearl. This building is the location of Mr. Hall=s law firm.
The loan request is to pay for work to be done to the west and south
walls of the building and to install a fire escape. The work involves
repairs to the west and south walls which includes grouting, caulking of
windows and re-plastering. In addition, a fire escape will be
constructed to provide emergency access to the second and third stories
of the building. Construction of a courtyard fence is also included in
the request. However, that would not be eligible for funding. The
need for the work is a result of the City=s recent demolition of the
adjacent building to the south. That demolition exposed the south
wall, thus necessitating the need for the work.
The original request is for $49,000. Because the courtyard fence is
not eligible for funding, the Planning Manager recommends funding
in the amount of $39,375. At that amount, the loan payments will
be $820.31 per month for 48 months.
Exhibits are attached.