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Finance committee asks for structural inspection before recommending loan for 19 South Cherry Street
Summary
Chairman Sabert told the council the Finance Committee wants a structural assessment and interior inspection of 19 South Cherry Street before recommending any loan to the Community Improvement Corporation of Troy, Ohio.
Chairman Sabert reported to the council that the Finance Committee met Oct. 27 to consider authorizing a loan to the Community Improvement Corporation of Troy, Ohio (CIC) for purchase of property at 19 South Cherry Street. The committee asked staff to provide information from a structural assessment and an interior inspection of the property before any final legislative recommendation or action is made.
The committee report, read aloud at the Nov. 3 council meeting, identified Mr. Schilling and Mrs. Westfall as members of the committee who participated in the review. No formal loan motion or vote was taken at that council meeting; the committee's direction was to gather condition information for use in future legislative action.
City staff did not provide a timeline for completion of the inspection in the report read at the meeting. Council members did not vote on, nor adopt, a loan or ordinance related to the property at 19 South Cherry Street during the Nov. 3 session. The discussion was recorded as a committee request for additional information only.
Next steps indicated in the report: staff will arrange for a structural assessment and interior inspection of the property and then return findings to the committee and council before any final loan recommendation or ordinance is prepared.
