[MassHistPres] Question re: ground lease

[Garrett Laws]

My understanding (please verify/ correct me if I’m wrong) is that if the
use is staying the same there are things that won’t need to done
immediately. There are also some items that can be addressed in less
expensive ways.

ADA ramps vs additions, asbestos containment vs remediation, window retain
vs replace, swap out boilers vs replacing entirely new heat generation and
distribution and getting a waiver on sprinklers etc.

Garrett Laws

On Friday, January 13, 2023, John Thompson <jthompsonart at comcast.net> wrote:

> Looking at the building - and assuming bringing it up to current code
> would include:
>  ADA access
>  elevator
>  asbestos remediation
>  new windows
>  heating and cooling
>  sprinkler system
>  etc.
>
> 16 million sounds a more reasonable number than 1.6.   Unfortunate but
> miserable cost of building these days.
>
> John Thompson
> Weston
>
> On 01/12/2023 7:27 PM heartwood via MassHistPres <masshistpres at cs.umb.edu>
> wrote:
>
>
> I too question the 16 million dollar price tag...1.6 million, maybe...
>
> it’s a beautiful building with history...
> best of luck...
> .....jade
>
> jade mortimer
> heartwood window restoration
> po box 114 1605 mohawk trail
> charlemont, ma 01339
> <https://www.google.com/maps/search/1605+mohawk+trail%0D%0A+++++++charlemont,+ma+01339?entry=gmail&source=g>
> 413-625-8680
>
> *From:* Garrett Laws via MassHistPres
> *Sent:* Thursday, January 12, 2023 5:36 PM
> *To:* Courtney Meyer
> *Cc:* MassHistPres at cs.umb.edu
> *Subject:* Re: [MassHistPres] Question re: ground lease
>
> $16M is a massive amount of money. What’s that cost based on and always
> remember that not ALL things are required to be done to “bring it up to
> code”.
>
> On Thursday, January 12, 2023, Courtney Meyer via MassHistPres <
> masshistpres at cs.umb.edu> wrote:
>
> Hi all,
>
> I am the chair of the Russell School committee in Hadley, MA.  We are
> trying to save our beautiful 1894 Italianate Russell School building set in
> town center. (Photo attached.) The approximate cost to rehab and bring it
> up to code is in the $16 million range, which of course is prohibitive to
> the town.  In order to save the structure, we are considering the
> feasibility of selling it to a private investor with a preservation
> restriction in place, but the town will want to continue to own the land.
> We are seeking some guidance on examples and stipulations around a ground
> lease, and/or use of deed provisions that has ownership of land be given
> back to the town if the building is destroyed and cannot be rebuilt per
> preservation restriction. Any insight would be appreciated.
>
> Thank you,
>
> Courtney Meyer
> Russell School Committee Chair
> Hadley, MA 01035
>
> --
> Today's Children, Tomorrow's World
> www.theglobalchild.org
>
>
>
> --
>
> Many Thanks,
> Garrett Laws
>
> www.copperandslate.net
> The Copper & Slate Company, Inc.
> Fine Roofing and Historic Carpentry
> 238 Calvary Street,
> Waltham, MA 02453
> <https://www.google.com/maps/search/238+Calvary+Street,%0D%0A++++++++++++++++++++++++++++++++++++++++++++Waltham,+MA+02453?entry=gmail&source=g>
> (781) 893-1916
>
> *LEAD FREE SINCE 2008*
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-- 

Many Thanks,
Garrett Laws

www.copperandslate.net
The Copper & Slate Company, Inc.
Fine Roofing and Historic Carpentry
238 Calvary Street,
Waltham, MA 02453
(781) 893-1916

*LEAD FREE SINCE 2008*
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