Franklin SSD authorizes demolition of 1406 Cannon Street annex after receiving $889,284 estimate
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Summary
The Franklin SSD board voted to authorize demolition and abatement of the annexed 1406 Cannon Street property after reviewing a GMP estimate of $889,284 for a 67,000-square-foot building and a projected 15-week construction duration; staff said the cost will be paid from bond funds and may improve marketability for sale.
The Franklin SSD board approved a motion to demolish the annexed property at 1406 Cannon Street, moving to remove a 67,000-square-foot vacant facility to improve the site’s marketability and prepare it for sale. District staff presented a guaranteed maximum price (GMP) estimate from Navoz for demolition and abatement of $889,284 and said construction would take about 15 weeks.
Staff told the board the building has become increasingly deteriorated and a target for trespassing, and that removing the structure would make the parcel more attractive to developers. “You stage it so it looks nice… you wanna stage it appropriately by destroying all the [dilapidated structures],” one presenter said while defending the recommendation.
The real estate committee recommended the demolition, and a board member moved to accept that recommendation; it was seconded and approved by roll call. The presenter stated the district expects to fund the work from bond proceeds and that the district would seek to recoup demolition expense as part of any future sale offers from developers. Staff indicated permits have been submitted to the city and anticipated a January start date for demolition if approved.
Board discussion touched on fencing during demolition, whether the presence of the existing structure was the primary impediment to sale, and the expectation that some or all demolition costs would be considered in purchase offers by developers. The board then voted and the motion carried.
The board did not record detailed contract terms, demolition contractor selection criteria beyond the Navoz GMP estimate, or any timeline for listing the property after demolition in the public remarks.