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Commission asks staff for full accounting of $12.5M 2024 historic‑preservation bond and acquisition fund plans
Summary
Members of the Tempe Historic Preservation Commission pressed staff to explain how the $12.5 million approved by voters in November 2024 is being allocated, questioned a $3.55M Endangered Historic Property Acquisition Fund and asked whether property purchases would replenish the fund via rents; staff agreed to provide fuller accounting and requested time to follow up.
Dr. Lechner presented how the 2024 voter‑approved historic‑preservation bond has been used so far and what remains under staff control.
Dr. Lechner said staff identified seven CIP projects funded by the bond, including a $500,000 City‑owned historic building deficiency correction fund and a $600,000 Adobe restoration fund for the Eisendrath House that has been fully allocated. He said the bond also created a $3,550,000 Endangered Historic Property Acquisition Fund intended to rehabilitate properties such as the Harry Walker House and to pursue acquisitions the city deems priorities; he noted council has authorized beginning negotiations to…
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