Baltimore’s spending board will consider transferring $337,000 to help restore the Roland Water Tower.
The Board of Estimates, which meets at 9 a.m., Wednesday, at City Hall, will consider transferring funds equal to what it would cost to demolish the tower from the Department of Public Works to the Department of General Services to be used to preserve the landmark.
Under the proposed agreement, the Department of General Service will have until Jan. 31, 2016 to spend the money to restore the tower.
Residents have been working to preserve the tower, which was built between 1904 and 1905.
The restoration of the water tower, which was last used in 1930, is expected to cost about $1.2 million.
Last year the Maryland General Assembly approved a $250,000 bond bill for the project, but those funds cannot be used until the city and community expend at least that much on restoring the tower.
Residents have been raising money and securing grants for the project for the last few years, after the level of deterioration was brought to light. In 2007, the city named the tower a historic landmark.
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