Title
Public Hearing for an Ordinance Amending the Designation of Weaver-Sherwin Building, 603 S. Elm Street, Owned by Eric Robert, QUB Studios LLC, a Guilford County Historic Landmark
Body
Council Priority: Create an Environment to Promote Economic Development Opportunities and Job Creation, Maintain Infrastructure and Provide Sustainable Growth Opportunities
Department: Planning
Council District: 2
Public Hearing: Yes
Advertising Date/By: December 3 and December 10/Planning Department
Contact 1 and Phone: Sue Schwartz, Ext 2149
Contact 2 and Phone: Russ Clegg, Ext 2211
PURPOSE:
A public hearing is required in order to consider amending the Landmark designation for Weaver-Sherwin Building.
BACKGROUND:
The City has received a recommendation from the Guilford County Historic Preservation Commission to amend the Historic Landmark designation of the Weaver-Sherwin Building to include the entire interior as well as the entire exterior of the building. The original designation included the entire exterior of the building and the following interior components: all original wood flooring upstairs and downstairs, skylights, and the front, central stairwell, not including handrails.
The Weaver-Sherwin Building is a contributing structure in the Downtown Greensboro National Register Historic District. It is historically significant because it housed some of the earliest commercial businesses in downtown Greensboro. Constructed in 1903, the building represents the urbanization and early development of South Elm Street. It features well-preserved Italianate architectural details and the original storefront which is rare to possess.
Landmark designation provides protection for the historic property through the Certificate of Appropriateness process. In return, the owner is eligible for up to a 50% deferral of City and County property taxes. The property tax savings is seen as a way to offset the high cost of restoring and maintaining historic buildings. Landmark designation helps preserve Greensboro’s irreplaceable historic resources while helping to maintain the city’s unique identity.
A link to the Landmark Program can be found on the webpage at www.greensboro-nc.gov/landmarks <http://www.greensboro-nc.gov/landmarks>, as well as the link to the application <https://www.greensboro-nc.gov/Home/ShowDocument?id=45078>.
BUDGET IMPACT:
The tax deferral would be calculated based on the percentage of the building that is designated. The tax value of the property is $644,300.