HomeMy WebLinkAboutresolution.council.017-96
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RESOLUTION NO. ..tL
(Series of 1996)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
GRANTING A HISTORIC PROPERTY MAINTENANCE LOAN.
WHEREAS, Section 26.72.060(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, Fred Pearce and Ethel McCabe, owners of the historic landmark at
216 E. Main Street have requested a loan in order replace the existing roof; and
WHEREAS, the project cost is in excess of $10,000; 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 Fred
Pearce and Ethel McCabe, owners of 216 E. Main Street.
Section 2
That the applicant shall provide the Community Development Director for receipts
from all work completed as part of this loan.
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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 t day o~L
1996, by the City Council for the City of Aspen, Colorado.
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John S. Bennett, Mayor
I, Kathryn S. Koch, duly appointed and acting City clerk do certify that the
foregoing is a true and accurate copy of th~tioQ,..adoPted by the City Council 0'1 the
City of Aspen, Colorado, at a meeting held - If ,1996
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Kathryn och, City Clerk