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RESOLUTION NO. :1
(Series of 1996)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
GRANTING A HISTORIC PROPERTY MAINTENANCE LOAN.
WHEREAS, Section 7-606(C) provides City Council with the ability to grant a one-
time, no interest loan, in an amount not to exceed $10,000, to the owner of a historic
property to assist in maintenance costs; and
WHEREAS, Jerome and Jane Hatem, owners of the historic landmark barn
at 939 E. Cooper Avenue have requested a loan in order to place the barn on a
foundation to deter further deterioration from moisture and rot; and
WHEREAS, the project cost is in excess of $10,000; and
WHEREAS, the previous use of the structure, as an outbuilding, led to it's
placement directly on the ground and therefore it's deterioration over time; and
WHEREAS, City Council supports the loan award in an effort to assist owners of
historic properties with the associated maintenance costs and in order to avoid the
occurrence of "demolition by neglect."
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCil OF THE CITY
OF ASPEN, COLORADO, THAT:
Section 1
That a one-time, no interest loan in the amount of $10,000 be awarded to Jerome
and Jane Hatem, owners of the historic landmark barn at 939 E. Cooper.
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Section :2
That the applicant shall provide the Community Development Director for receipts
from all work completed as part of this loan.
Section 3
That the loan is to be repaid in full within ten years or when the title is transferred,
whichever is sooner. An appropriate lien will be recorded on the property to ensure
repayment.
RESOLVED, APPROVED AND ADOPTED this ~ay Of~.A:.-w--
1996, by the City Council for the City of Aspen, Colorado. {/
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John S. Bennc~tt, Mayor
I, Kathryn S. Koch, duly appointed and acting City clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City Council of the
City of Aspen, Colorado, at a meeting held ~/,;J v 1996
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POBox 2675
Aspen, CO 81612
17 January 1996
Amy Amidon
Historic Preservation Committee
130 S Galena
Aspen, CO 81611
Dear Amy
RE : Historic Landmark 939 'C' Cooper Street: Historical Bam
Enclosed please find a more specific cost breakdown of how the $10 000-00 loan would be used to
preserve and make safe the existing barn stmcture,
Please let us know if this is an appropriate cost breakdown,
Costs already occurred on moving the barn are as follows:
Labor $6 800-00 (Bracing walls; dismantling walls, roof & loft, moving and realigning
them by hand),
Lumber
I OOO-OO(for bracing the walls)
Crane
500-00(estimate) for moving the two end walls
Concrete (footers) 1422-79 (for bam walls to be stabilized on)
Concrete (slab)
I 526-34(solid foundation for barn to rest on)
Total (thus far) $11 249-13,
Thank you once again for considering us for this loan.
Yours sincerely
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Jerome and Jane Hatem
Exhibit "A"