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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Most generally commercial zoning allows residential use. I would ask for a copy of Medford’s zoning regulation as it relates to the district and determine
if residential is an allowable use. I cannot imagine that it is not. If you find this to be the case, no rezoning would be required.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I would find out if the building is listed on the National Register of Historic Places. If so, you may be eligible to pursue a tax credit project. I would
contact Lynda Ozan with the Oklahoma State Historic Preservation Office.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I would contact Don Roberts at Autry Technology and see if he could guide you to lending institutions who might be interested in a venture like this. If he
can’t help you, he may be able to direct you to someone who can.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Just a few of my thoughts.<o:p></o:p></span></p>
<p class="MsoNormal"><a name="_MailEndCompose"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></a></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> MainstreetTowns [mailto:mainstreettowns-bounces@lists.onenet.net]
<b>On Behalf Of </b>Buffy Hughes<br>
<b>Sent:</b> Tuesday, January 16, 2018 9:12 AM<br>
<b>To:</b> mainstreettowns@lists.onenet.net; Duane Thompson-Jones<br>
<b>Subject:</b> [MainstreetTowns] FW: Medford, OK - Building Restoration<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Good morning. Below is a question from a gentleman in Medford regarding a downtown building he and his wife purchased. Duane would be very appreciative if
anyone can provide any information or assistance. Thank you.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Have a good day,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Buffy<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:Gadugi;color:#1F497D">Buffy Hughes<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">State Main Street Director<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Oklahoma Department of Commerce<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">900 N. Stiles Ave., Oklahoma City, OK 73104<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">E:
<a href="mailto:Buffy.Hughes@okcommerce.gov">Buffy.Hughes@okcommerce.gov</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">P: 405.815.5249<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">C: 405.664.1260<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:125%"><span style="font-size:7.5pt;line-height:125%;font-family:"Verdana","sans-serif";color:#4BACC6">OKcommerce.gov/main-street</span><span style="font-size:11.0pt;line-height:125%;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif"">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif""> Duane Thompson-Jones [<a href="mailto:Duane821@live.com">mailto:Duane821@live.com</a>]
<br>
<b>Sent:</b> Friday, January 12, 2018 1:17 PM<br>
<b>To:</b> Buffy Hughes <<a href="mailto:Buffy.Hughes@okcommerce.gov">Buffy.Hughes@okcommerce.gov</a>><br>
<b>Subject:</b> Medford, OK - Building Restoration<o:p></o:p></span></p>
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<p><span style="font-family:"Calibri","sans-serif";color:black">Hello,<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:black">I recently bought a 2-story brick building (built in 1911) in downtown Medford, Oklahoma, that has been sitting vacant for many years. The building is surprisingly still in good shape (I've had an
inspection done - the foundation is in great shape) but needs a lot of work before it can be used again. My wife and I are wanting to restore the building and live upstairs and start our family there, however, finding a bank that issues a loan for a non-livable,
commercially-zoned building is difficult (I'm currently working with the city on how I can get the building rezoned as residential).<o:p></o:p></span></p>
<p style="EmojiFont""Apple Color Emoji"
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<span style="font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:black">I was wondering if anyone knows of a bank or a program that issues loans towards the rehabilitation of historic properties?<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">Attached are two pictures of the building.<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">Any leads or information would be greatly appreciated!<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black">Duane Thompson-Jones<o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><img border="0" width="1280" height="960" id="img742567" src="cid:image002.jpg@01D38EE1.E427B670"><o:p></o:p></span></p>
<p><span style="font-family:"Calibri","sans-serif";color:black"><img border="0" width="1280" height="960" id="img454201" src="cid:image003.jpg@01D38EE1.E427B670"><o:p></o:p></span></p>
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