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Home | Tag Archives: american furniture building

Tag Archives: american furniture building

City Agrees to Settlement Agreement on Abraham Bankruptcy; Buildings to be Sold

On Friday, officials with the City of El Paso announced that they filed a Notice of Approval accepting the terms of a settlement agreement that was reached in the William Abraham bankruptcy cases.

“This settlement agreement represents a new chapter for downtown El Paso. It will afford the new owners the opportunity to join the City of El Paso in our efforts to honor our heritage and fortify the local economy by investing in the preservation and restoration of historic buildings,” Interim City Attorney Karla Neiman said.

Via a news release, officials added, “the City is satisfied with the terms of the settlement agreement as they address many of the City’s concerns, including code enforcement violations, payment of delinquent property taxes, and payment of a judgment that the City obtained for code violations at the American Furniture Building, 105 North Oregon.”

Under the terms of the settlement agreement, the bankruptcy trustee has agreed to sell several of Mr. Abraham’s most historic buildings in El Paso’s downtown, including the Kress Building, American Furniture Building, Caples Building, and other iconic buildings.

Under the terms of the settlement agreement, all successful purchasers of these properties must commit to complying with the City’s building codes.

The proposed agreement calls for:

  • Code enforcement concerns to be fully addressed, ensuring health and safety are resolved and maintained;
  • Payment of the City’s final judgment, which was obtained as a result of many years of safety and code violations;
  • Payment of delinquent property taxes as the properties are sold; and
  • Dismissal of all pending litigation, including appeals, related to the judgment.

The U.S. Bankruptcy Court approved the terms of the settlement agreement on Tuesday, September 11, 2018, and the City Council accepted the terms on Tuesday, September 18, 2018.

City: ‘Final Judgement’ Against Owner of American Furniture Building Underway

The City of El Paso has taken a huge step toward dealing with an iconic structure located in the heart of downtown: The American Furniture Company building.

On May 5, 2016, the El Paso Building and Standards Commission issued an order related to the American Furniture Building, located at 105 N. Oregon, and owned by Caples Land Company, LLC. The attached Building and Standards order included assessed civil penalties and a detailed listing of issues that need to be addressed.

Late last month, Judge Linda Chew of the 327th District Court, issued a Final Judgment that upheld the Building and Standards Commission order with a modification regarding the civil penalties.

The Court approved civil penalties in the amount of $1,242,486.15.

The City is now authorized to enforce the Final Judgment and file a lien in the real property records against Caples Land Company, LLC and William D. Abraham.

Additionally, the property must be vacated within 60 days of the date of the judgment and brought up to code within 90 days.

“The City has been working hard to revitalize Downtown and we are making tremendous strides. However, we still have some amazing structures that have not received any attention for years. The property owner has not complied with building codes or orders issued by the Building and Standards Commission, I appreciate the court issuing this order to bring it up to code,” said Mayor Dee Margo. “Maybe now we will see some improvements and bring this iconic building back to life.

The American Furniture Building is immediately adjacent to two signature historic redevelopment projects, the Paso Del Norte Hotel and the Plaza Hotel.

Via a news release, city officials added, “The City is committed to revitalizing downtown and will continue to explore all legal options to ensure compliance with this legal judgment.”

 

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