Laserfiche WebLink
<br /> <br /> <br /> <br /> <br />HPC COMMUNICATION <br /> <br />HISTORIC PRESERVATION <br />COMMISSION <br />TO: HISTORIC PRESERVATION COMMISSION <br /> <br />SUBJECT: RESOLUTION NO._____, SERIES 2013. A RESOLUTION <br />APPROVING A PURCHASE AND SALE AGREEMENT <br />BETWEEN THE CITY OF LOUISVILLE AND LOUISVILLE MILL <br />SITE, LLC, FOR THE SALE OF THE LOUISVILLE GRAIN <br />ELEVATOR PROPERTY LOCATED AT 540 AND 544 FRONT <br />STREET <br /> <br />ORDINANCE NO. ______,SERIES 2013. AN ORDINANCE <br />AUTHORIZING THE SALE AND CONVEYANCE OF AN <br />APPROXIMATELY 1.069-ACRE PARCEL OF LAND OWNED BY <br />THE CITY AND REFERRED TO AS THE LOUISVILLE GRAIN <br />ELEVATOR PROPERTY LOCATED AT 540 AND 544 FRONT <br />STREET <br /> <br />DATE: AUGUST 19, 2013 <br /> <br />FROM: AARON DEJONG, ECONOMIC DEVELOPMENT <br /> <br />SUMMARY: <br />This memo outlines the terms and conditions of a Purchase and Sale Agreement <br />between the City and Louisville Mill Site, LLC for the stabilization and redevelopment of <br />the Historic Grain Elevator Property located at 540 Front Street. Louisville Mill Site, LLC <br />is an entity controlled by Randy Caranci and J. Erik Hartronft. <br /> <br />BACKGROUND: <br />The Grain Elevator, located on the east side of Front Street and south of Pine, has been <br />listed as a contributing property on the National Register of Historic Places. Built in <br />1908, the Grain Elevator is historically and visually the most significant structure <br />associated with the agricultural history in Louisville. Its frame construction and <br />functional design illustrate an important architectural resource associated with <br />agriculture. The Grain Elevator is in historic Old Town Louisville area defined in the <br />Historic Preservation Fund ballot measure and consequently is eligible for Historic <br />Preservation Fund grant funding. The site consists of 1.069 acres, contains the grain <br />elevator and an empty 3,360 SF retail building, and one small storage building. <br /> <br />In the summer of 2010, the owners of the Grain Elevator listed the property for sale. <br />After receiving no offers they considered reasonable, and suggesting they thought the <br />property would be more marketable without the Grain Elevator structure encumbering <br />the property, in January 2012 the owners applied for a demolition permit. The HPC <br />placed a stay on the permit pursuant to the City’s historic preservation ordinance. <br />Because the demolition was pending, in April 2012, in an effort to save the Grain <br />Elevator, the City issued a request for proposals to form a private/public partnership