The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship,
Demolition Of Lake Oswegos Oldest Home Blocked By Court Ruling
Dated: August 8 2016
Lake Oswego's oldest home is not likely to be demolished following a Thursday ruling by the Oregon Supreme Court reversing a lower court's decision.
Plans to demolish and redevelop the 1850s-era Carman House have sparked years of legal battles over the wording and intent of a 1995 state law passed to allow landowners to remove their properties' historic designations. The protections put limits on the alteration and demolition of properties that cities decide are historically significant.
In a decision that could have statewide implications, the Supreme Court ruled that a city doesn't have to honor a landowner's request to remove a historic label if the owner acquired the property after it received the designation. The lower state Court of Appeals previously said cities had to comply with such requests, provided the owner protested the designation at the time it was added – as was the case with the Carman House.
The Lake Oswego Preservation Society brought the case against the city, whose Historic Resources Advisory Board listed the house as a historic landmark in 1990 over the objections of the couple who owned it at the time. The couple, Richard and Mary Cadwell Wilmot, had family ties to the home's original owner, Waters Carman, a pioneer who settled in what was then the town of Oswego after moving west in search of riches during the California Gold Rush.
The home is now owned by the Mary Cadwell Wilmot Trust. The trust has tried to sell the house but potential buyers have been wary of the historic designation, which prohibits demolition and redevelopment. The trust sought to remove the historic designation in 2013, and the city council agreed to do so, prompting the appeal from the preservation society.
An attorney for the trust told The Oregonian/OregonLive last year that the structure poses health and safety hazards and is infested with rodents and mold. He estimated it would cost $500,000 to bring the home into compliance with code requirements.
The Supreme Court interpreted the 1995 law's phrase "a property owner" to mean "only...the owner at the time of designation," arguing that other parts of the law's language give it that context. The court did acknowledge that the phrase is ambiguous and could alternatively be interpreted to mean "any property owner," as the Court of Appeals held.
The Court of Appeals' interpretation was "contrary to the overall scheme of [Oregon's] historic preservation laws," the Supreme Court argued.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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