NEWS RELEASE

Mayor Jennifer P. Dougherty

CONTACT: Nancy Gregg Poss, Public Information Officer, 301-360-3842

FOR IMMEDIATE RELEASE: Thursday, October 3, 2002

CITY OF FREDERICK PURCHASES

HISTORIC LOG CABIN IN SETTLEMENT

Frederick, Md. --- In a Settlement Agreement dated October 2, 2002, The City of Frederick agreed to purchase a two-story log structure, located at 527 North Market Street, from Junior Fire Company No. 2, Inc.

The Settlement, which occurred after 20 months of dialogue, is a result of Junior Fire Company No. 2’s initial application to the Historic District Commission to demolish the structure. That request was denied citing the historic significance of the structure. The fire company then filed a Petition for Judicial Review.

Under the Settlement Agreement the property will be subdivided and the City will purchase a parcel on land with approximate dimensions of 24.85 ft x 80.50 ft and log cabin with non-City Community Development Block Grant (CDBG) funds totaling $32,000 minus half the amount expended by the City for appraisal, survey work and subdivision. The purchase price is based upon the fair market appraisal value. The City of Frederick intends to rehabilitate the log cabin structure for modern usage.

For additional information please contact Nancy Gregg Poss, Public Information Officer for the City of Frederick, 301-360-3842.

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