07/25/1983 Meeting - Laserfiche WebLink

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Public hearing was opened. There being no testimony, the public hearing was e closed. Councilor Obie moved, seconded by Councilor Smith, to award the contracts to the low bidders as outlined in the staff memo of J u 1 Y 19, 1983. Roll call vote. The motion carried unanimously. C. 1982/83 Restoration Loan Applications Funded with City Monies: 1. Walton House (Moreno's Restaurant), located at 433 East Broadway (R 83-2); 2. Ankeny House, located at 212 Pearl Street (R 83-3). Mr. Gleason introduced Pat Decker, Eugene Development Department, who said that Ellen Miller-Wolfe of the EDO would give the staff presentation. Ms. Miller-Wolfe reviewed the staff notes on the two proposals. She said that the original application for the Walton House had been for painting, but that staff had discovered that the building was also in need of work on the roof, gutters and gables, and exterior carpentry work. The Historic Review Board's recommendation was that a loan of $12,982 be made at 6 percent over 20 years. Ms. Miller-Wolfe went on to indicate that the recommendation on the Ankeny House was for a $11,500 loan at 9 percent over ten years for roof replacement. She added that the reference in the staff notes to encumbrances on the deed was based on incorrect material received from the title company. In response to a question from Councilor Holmer, Ms. Miller-Wolfe said that the e low bid for the painting for the Walton House was $2,337. Councilor Hansen asked how the interest rates had been determined. Ms. Mi 11 er- Wolfe replied that the guidelines called for 9 percent on income-producing property, but that this had been reduced in the case of the Walton House on the basis of hardship. Councilor Holmer expressed concern that a 20 year loan was being made for an improvement with a life less than 20 years, for painting the Walton House. Ms. Decker said that if the council wished to delete funding for this item they could do so without taking the issue back to the Historic Review Board. In response to a question from Councilor Ball, Ms. Miller-Wolfe stated that all loans through the program were due on sale of the property. He asked about the nature of the security for the loan for the Ankeny House. Mr. Gleason said staff would need to work on this item and would bring a report back to the council on the security issue. Councilor Hansen asked whether matching funds were being asked for from the applicants. Ms. Miller-Wolfe said that they were not. Councilor Hansen then asked whether the Walton House would stand for the 20 years of the loan term. Ms. Miller-Wolfe replied that without the repairs to the roof the life of the building would be seriously shortened. e MINUTES--Eugene City Council July 25, 1983 Page 5