The city has planned on issuing bonds in the amount of $199,000 to complete this task.
The church is being leased to Preservation Georgetown, a 501c(3), for less than $4,000 per year with the requirement that they be open for a few hours every week.
This is likely NOT the highest and best use of this facility. The city should sell the entire building and get it off the taxpayers backs. If Preservation Georgetown thinks it's important, they should cover the costs of rehabbing or buy it and move it.
The bottom line is the city is spending $1/2M, of which $199,000 is borrowed, to rehab a church that they rent to a charity for $4,000/year. That certainly looks like charitable giving by the city that is in addition to the $400,000 given through the Strategic Partnership for Community Services Advisory Board.
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