R2003-171 AUTHORIZING AGREEMENT - Laserfiche WebLink

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_.'.!�, .:�'. :��`�-��►�s � y. ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM #03-107 ' � October 29, 2003 TO: Mayor Paul Osborne and City Council Members FROM: Steve Garm ity Manager Linda Love, ting Director of Economic and Urban Development�� Dane C. Bragg, Planning and Economic Development Manager� SUBJECT: Fa�ade Agreement— 135 East Prairie Avenue SUMMARY RECOMMENDATION: Staff recommends approval of the attached resolution authorizing a fa�ade preservation agreement for the property located at 135 East Prairie Avenue in the downtown historic district. , BACKGROUND: The subject property was extensively damaged by fire in December, 1999. The City Council approved a TIF redevelopment agreement with the developer, LUCAS Properties, LLC, on October 7, 2003. The building fa�ade is experiencing accelerated deterioration due to brick decomposition, which is in turn causing the paint to peel from the building. Based on these conditions, the developer finds it necessary to make exterior finish changes to stop further deterioration. The proposed fa�ade is shown in the attached Exhibit A. The building fa�ade is currently preserved by an agreement adopted in 1995. The attached agreement would supersede the existing agreement and is in effect for the life of the previously approved TIF redevelopment agreement. POTENTIAL OBJECTION: N/A. INPUT FROM OTHER SOURCES: The proposed fa�ade changes have been reviewed by the City's historic preservation staff and are consistent with the goals of the Comprehensive Plan. STAFF REFERENCE: Any additional questions may be forwarded to Dane Bragg at 424-2725 or dbragg��decatur��et.or�. BUDGET/TIME IMPLICATIONS: The fa�ade rehabilitation costs are eligible for � reimbursement under the terms of the approved redevelopment agreement, not to exceed $72,500.