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HomeMy WebLinkAboutAgenda - 2007-11-01 'E-' City of Lake Oswego 4171; ;'$ HISTORIC FURNACE RESTORATION TASK FORCE / f ti 1 441 Oswego Room (2nd Floor) West End Building, 4101 Kruse Way November 1, 2007 — 2:00 p.m. Agenda 1. Call to Order 2. Continued Discussion on Fund Raising 3. Next Steps 4. Adjournment 11/ 1 Approved by the City Council,October 5,2004 Historic Furnace Restoration Task Force Mission: The Task Force is created to develop options for restoring the Lake Oswego Historic Furnace and implementing the historic interpretation design at George Rogers Park. The Task Force will report its findings to the City Council by May--1, 2005 and will include cost estimates for all options,strategies to secure the funding necessary to complete the recommended proposal,and a recommended timeline for completion. Tasks and Reports: The Task Force will work with City staff on a plan that will include stabilizing the furnace and providing options for the public to have greater visual access to the building while preserving the furnace's physical and historic integrity. The Task Force will research potential funding options, including a campaign to raise private donations as well as researching various grant opportunities to pay for furnace restoration and implementation of the historic interpretation design. The Task Force will prepare a report including restoration, funding options, and recommended timeline along with a recommendation for review by the City Council by May 1, 2005. Project Funding: The City will commit to spending up to $100,000 on the restoration of the furnace, or 50% of the restoration cost(including consulting fees),whichever is less.The City will commit up to $20,000 to initiate the project, with the balance of the City's commitment to be included in the City's Budget for the 2005-07 Biennium. However, the balance of the City's commitment will not be obligated until such time as matching funds from other sources has been identified. In addition,the City will commit to spending up to $50,000 on implementation of the historic interpretation design and will also include this amount in the City's budget for 2005-07, contingent upon matching monies being secured. Because the City's financial commitment is capped at the above amount,any restoration options proposed by the task force that exceed this budget must include identification of available private funding sources adequate to complete the project. Task Force Membership: The Task Force will consist of: Two members appointed by the Oswego Heritage Council Two members of the Historic Resources Advisory Board (HRAB) Two members of the Parks and Recreation Advisory Board(PRAB) One member representing the Old Town Neighborhood Association Two at large members appointed by the City Council The City Council will appoint one of the at large members to chair the Task Force. Staffing: The City will provide the necessary staff resources for the Task Force.