Offer to Purchase for the Case Feed Building

On behalf of the Board of Hand-In-Hand Historic Fourth, Inc
www.fourthward.com

I am happy to announce that the seller has signed a new Offer to Purchase for the Case Feed Building at 922 Rockport Road. The buyer is the non-profit neighborhood group called Hand-In-Hand Historic Fourth, Inc. founded in 1993.

Their board has permission from the seller to stabilize and secure the building so that the raze or repair notice will be removed from the title at the Register of Deeds office at the courthouse in order to get financing prior to closing.

The buyer has copies of two recent structural engineering evaluations, both attesting to the structural integrity of the building.

They have also been cleaning up the building, mowing the lawn, and pruning the landscaping for the last few weeks.

They will be applying for the residential rehab forgivable loan for the upper residential five-bedroom single-family home rental unit with formal dining room, laundry facility, walk-in pantry, and black walnut hardwood floors. One of their members will walk them through the loan process as he has already utilized this grant. A family currently recieving Section 8 is already lined up to take residency once the repairs are completed.

For the storefront, a gallery artist is interested in displaying on the walls of the store. There are interested commercial tenants for the storefront that would provide businesses that would benefit the income-disadvantaged neighbors. Jobs would be created. The group is researching available city funds and TIF moneyes to assist in refinishing the ornate original tin ceilings and black walnut hardwood flooring and to install a storefront firstfloor bathroom and for the exterior brick tuckpointing and refurbishing.

The warehouse currently has cold storage rental space that will be available shortly; 1521 squ ft, 710 squ ft, 468 sq ft, and 540 sq ft for the total of a little more than 3000 square feet, with loading docks, two-story ground entry, and elevator shaft. The Warehouse is soon to be converted to our neighborhood Case Community Center, self sustaining off the other rents, and able to launch other neighborhood service entities to benefit the adjoining economically disadvantaged neighborhood. Based on rent income, the repaired value of the building will be $250,000 to $400,000.

We now have the opportunity to save the building, our history, our collective memory, our cornerstone, our stories, our architecture, the threshold to the historic hub of our city, and the anchor project for the revitalization of our neighborhood, as confirmed by over 400 citizen petition signatures, and by our Nieghborhood Action Team, and by our recent Neighborhood Revitalization Plan and City Comprehensive Plan approved by the Planning Commission and our City Council per the recomendation of city staff and administration.

I have donated my real estate services for both parties and am the contact person for questions and donations (currently requesting wood storm windows and round gutters). I can be reached at 608-295-3110.

K. Andreah Briarmoon
BRIARMOON REALTY GROUP
339 South Locust Street
Janesville, WI 53548-4655
U.S.A.