“A Palo Alto angel investor who has agreed to dismantle, store and reassemble Apple CEO Steve Jobs’ sprawling Spanish revival mansion in Woodside only needs to make a ‘good-faith effort’ to find another site for it, according to a draft agreement released Friday,” Jessica Bernstein-Wax reports for The Mercury News.
“But the investor isn’t legally obligated to reconstruct the historic home, the document states,” Bernstein-Wax reports.
“Jobs has been fighting for years to demolish the 14-bedroom Jackling House, which architect George Washington Smith built for copper mining magnate Daniel Jackling in 1925. In June, investor Gordon Smythe and Jobs’ attorney Howard Ellman told the Woodside Town Council that they had negotiated a deal to save the house,” Bernstein-Wax reports.
“Under an agreement among those parties and the town of Woodside, Jobs will contribute $604,800 to disassemble, photograph and remove the mansion. Smythe will cover all other costs, including storage, according to the agreement, which is scheduled to go before the Town Council on Tuesday for approval,” Bernstein-Wax reports. “If Smythe doesn’t begin restoring the home within five years, historically important components — including its flagpole, immense pipe organ and Spanish tiles — could revert to the town, the agreement says.”
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