[MassHistPres] Question re: ground lease

[Garrett Laws]

Courtney,

Based on Wards assessment (from 2013) the roof components need help but the
whole roof does not need to be replaced. As a slate roofer (sometimes
competitor) I know about Wards expertise and I’ve seen some of the work
he’s done and I trust his assessments.

Granted there have been a lot of increases in costs over the last ten years
but ~$600,000 to $16M is a multiplier of more than 25. I would start by
investigating that difference.

Garrett Laws
The Copper & Slate Company
Waltham
Copperandslate.net

On Monday, January 30, 2023, Courtney Meyer <courtney.opalka at gmail.com>
wrote:

> Hi all,
>
> Yes, $16M is a lot. It was based on the most recent assessment in 2019 by
> Drummey Rosane Anderson Architects, Inc. (DRA). The long list of items to
> be address include roof replacement, brick repointing, stable grades,
> granite repair, asbestos remediation, a new heating system, installing an
> elevator, ADA compliant access, etc, etc.
>
> Courtney
>
> On Thu, Jan 12, 2023 at 5:36 PM Garrett Laws <copperandslate at gmail.com>
> wrote:
>
>> $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,
>> <https://www.google.com/maps/search/238+Calvary+Street,+Waltham,+MA+02453?entry=gmail&source=g>
>> Waltham, MA 02453
>> <https://www.google.com/maps/search/238+Calvary+Street,+Waltham,+MA+02453?entry=gmail&source=g>
>> (781) 893-1916
>>
>> *LEAD FREE SINCE 2008*
>>
>>
>
> --
> 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
(781) 893-1916

*LEAD FREE SINCE 2008*
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