Laserfiche WebLink
A. Property owners would be eligible for a $25,000 award for obtaining a <br />landmark designation from the City Council. This award would have no <br />conditions attached to it. <br />B. Property owners who successfully obtained a landmark designation would <br />also be eligible for a $50,000 grant for preserving, rehabilitating or restoring <br />the landmarked property. Grants could also be used to offset any costs of <br />preserving the historical integrity of a landmarked building that is being <br />expanded pursuant to Section 17.16.280 and 17.28.050 of the Louisville <br />Municipal Code. These grants would have to be applied for within 18 months <br />of the landmark designation. <br />Properties which contribute to the character, historical or architectural merit in downtown <br />Louisville and which are not eligible to be landmarked could receive the following <br />incentives for entering into a preservation easement with the City: <br />A. Property owners would eligible for a $25,000 award for obtaining designation <br />of a Structure of Merit from the Preservation Commission and entering into a <br />conservation easement approved by the City Council. A property subject to a <br />conservation easement would also be subject to requirements for alteration <br />certificates, as with landmarked structures. This award would have no <br />conditions attached to it. <br />B. Property owners of buildings deemed to be structures of merit would also be <br />eligible for a $35,000 grant for preserving, rehabilitating or restoring the <br />property. Grants could also be used to offset any costs of preserving the <br />structural merit of a building that is being expanded pursuant to Section <br />17.16.280 and 17.28.050 of the Louisville Municipal Code. These grants <br />would have to be applied for within 18 months of the property's designation <br />of a structure of merit. <br />Property owners receiving any of these benefits would not be precluded from <br />applying for other incentives from the HPF. <br />These amounts and types of incentives are just suggestions at this point. <br />Commercial property owners may have other suggestions for the effective use of <br />the HPF, and these suggestions are welcome. <br />14 <br />