Title
Acceptance of Amended and Restated Conservation Easement Phoenix Linen & Towel Supply Co. - 215 E. Grant Street (Ordinance S-51213)
Description
This report requests the City Manager, or his designee, to enter into an agreement with Arizona Warehouse Holdings, LLC, Stingle Living Trust, Shmata Realty, LLC, Jaba Group, LLC, and Willie Sutton, LLC, the property owners of 215 E. Grant Street, to extend an existing conservation easement for an additional 30 years in order for the property owners to obtain 20 sustainability bonus credits under Chapter 12 of the Phoenix Zoning Ordinance.
Report
Summary
Located at the southwest corner of 3rd Street and Grant Street, the Phoenix Linen & Towel Supply Co. building was constructed in 1929 and is significant for its association with early Phoenix commerce and as an example of an early 20th century brick warehouse. The property was listed in the Phoenix Historic Property Register in 2010 (boundary depicted Attachment A).
The Downtown Code (DTC), found in Chapter 12 of the Phoenix Zoning Ordinance, is a form-based code that governs land zoned DTC. Section 1223: Sustainability Bonus allows projects that exhibit environmentally friendly design and performance elements to obtain additional entitlements. Twenty points are awarded for a 30-year conservation easement dedicated for historic preservation. In cases where an existing conservation easement exists, credit can only be given for a 30-year extension of the original conservation easement term.
The previous property owner received a Warehouse and Threatened Building grant for $50,284 to assist with the rehabilitation of brick-and-mortar walls, parapet caps and siding/sill repair in the clerestory gables. In exchange for the funding, the City received a 25-year conservation easement on the property which began in 2016 with the utilization of the grant funds.
The proposed amended and restated Deed of Conservation Easement would extend the term of the easement 30 years to conclude in 2071, in order to obtain the 20 sustainability bonus credits.
Staff recommends the Phoenix City Council accept the amended and restated Deed of Conservation Easement (Attachment B).
Financial Impact
There will be no financial impact to the City.
Concurrence
The Historic Preservation Commission recommended acceptance of this amended and restated easement on April 15, 2024, by a 7-0 vote.
Location
215 E. Grant Street
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Alan Stephenson and the Planning and Development Department.