Title
Ordinance Amending the Economic Development Fund (208) FY 14-15 Budget for the Appropriation of Funds for the Preservation and Rehabilitation of the Historic Structure Located at 408-410 South Elm Street
Body
Department: CMO
Council District: 2
Public Hearing: Yes
Advertising Date/By: July 23 and 30, 2014
Contact 1 and Phone: David Parrish 373-4579
Contact 2 and Phone: Tom Carruthers, 373-2320
PURPOSE:
The City of Greensboro has been requested to convey 408-410 South Elm Street to Preservation Greensboro Development Fund, Inc. and to appropriate $175,000 for the preservation and rehabilitation of the historic structure on the property.
BACKGROUND:
The property is improved by a structure known as the Cascade Saloon which was constructed in 1896. It lies between two rail lines in Greensboro. The Cascade Saloon was designated as a historic landmark by ordinance adopted December 19, 2006. The designation includes the exterior of the structure and all exterior features including all architectural features, iron works on the front fa?ade windows, doors, hardware, and the entire parcel. Due to the deteriorated condition of the building, the property was condemned and ordered for demolition on January 11, 2005. The demolition has been placed on hold while the City located an entity that would restore the structure. The Guilford County Preservation Commission issued a certificate of appropriateness on March 19, 2013, to permit demolition of the structure. The Greensboro City Council resolved on June 4, 2013 to condemn this property. This property is within the Downtown Redevelopment Zone.
The City of Greensboro acquired 408-410 South Elm Street by condemnation on February 22, 2014. The previous owners were Ross and Ann Strange who acquired the property originally in 1974. Mr. and Mrs. Strange did not file a timely answer in the condemnation case and therefore a default judgment was granted to the City. Just compensation for ...
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